Tesla's more affordable model started production in June and is a cheaper Model Y, the company said on its Q2 earnings call.

Tesla says production of the less expensive Model Y began in June and that it would go on sale in the fourth quarter of this year.

Chinese EV and smartphone maker Xiaomi on Thursday priced its new electric YU7 SUV from 253,500 yuan ($35,364), almost 4% ...

Xiaomi, a new joiner of the China's EV market, launched its YU7 model in June, posing a direct threat to Tesla's models. Government subsidies for car purchases have helped prop up demand but analysts ...