Electromobility
Tesla developing compact affordable SUV amid strategy shift and sales slump, Reuters reports
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Tesla is developing a new compact electric SUV priced below the $36,990 Model 3 and measuring 168 inches (4.3 meters) long—shorter than the Model 3 (185.8 inches) and Model Y (188.7 inches)—according to Reuters citing four anonymous supplier sources. The all-new design awaits CEO Elon Musk's production approval and may launch first in China before expanding to U.S. and German factories, signaling a pivot back to core vehicles after a focus on robotaxis and humanoid robots.
German automotive supplier Eberspächer is significantly expanding its China operations. CEO Jörg Steins announced plans to raise the Asia business share from eight to 24 percent. New orders for battery housings and exhaust systems support the effort.
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Chinese manufacturers dominated the Beijing Auto Show 2026, the largest in automotive history, unveiling a wave of new energy vehicles (NEV). Brands like BYD, Geely, and Great Wall Motors showcased advanced electric and hybrid models, several confirmed for Chile. The event underscores China's global lead in electrification.