Clicky

  • Login
  • Register
  • Submit Your Content
  • Contact Us
Wednesday, August 21, 2024
World Tribune
No Result
View All Result
  • Home
  • News
  • Business
  • Technology
  • Sports
  • Health
  • Food
Submit
  • Home
  • News
  • Business
  • Technology
  • Sports
  • Health
  • Food
No Result
View All Result
World Tribune
No Result
View All Result

Musk says he expects China to approve Full Self Driving by year-end

July 24, 2024
in News
Reading Time: 3 mins read
A A
Musk says he expects China to approve Full Self Driving by year-end
0
SHARES
ShareShareShareShareShare

READ ALSO

GMC targets electric truck leadership against Tesla, Ford, Rivian

Brits snap up lower mortgages as BOE cut boosts market

Tesla China sales fell by 5.4% in the first half of the year, although the company retained third place in new energy vehicle sales, behind BYD and Geely, according to the China Passenger Car Association.

Bloomberg | Bloomberg | Getty Images

BEIJING — Tesla CEO Elon Musk has again touted the impending rollout of advanced driver-assist software in China, after reporting another quarter of disappointing earnings.

Since last year, driver-assist has become a selling point for cars in China’s fiercely competitive electric car market. Tesla’s Autopilot for navigating on highways is available locally, but not Full Self-Driving, which uses cameras and artificial intelligence to enable cars to automatically park, change lanes and slow down at stop signs.

“Pretty soon, we will ask for regulatory approval of the Tesla-supervised FSD in Europe, China and other countries. And I think we are likely to receive that before the end of the year,” Musk said on a second-quarter earnings call Wednesday Beijing time. That’s according to a FactSet transcript.

Full Self-Driving is currently only available in the United States and Canada. China accounts for about 22% of Tesla’s sales.

Musk in April had said rollout to China “may be possible very soon,” according to his response to a question on X.

Musk says he expects China to approve Full Self Driving by year-end

About a week after the social media post, Musk unexpectedly appeared in Beijing for a meeting with Chinese Premier Li Qiang during the first major auto show in the city in four years. Local authorities also removed restrictions on Tesla cars after the company’s China-made vehicles passed domestic data security requirements.

China competition on driver assist

Multiple companies from tech giant Huawei to electric car startup Xpeng sell driver-assist capabilities in China. Xpeng in March 2023 expanded its driver-assist software to Shanghai city streets and subsequently Beijing.

“Tesla’s current FSD technology is somewhat of a laggard to what its competitors offer in China,” said Shay Natarajan, a North America-based partner at Mobility Impact Partners, a private equity fund that invests in transportation.

“When comparing Tesla’s FSD to other L2 self-driving offerings in China, I see two main takeaways,” she said. “Nio is a leader in self-driving technology. Their sensory inputs include camera, radar, LIDAR as well as ultrasonic sensors. This is the best of all worlds and leads to a very high level of precision and redundancy in the ability to sense the surroundings.”

Natarajan pointed out Nio charges about $55 a month for its driver assist features, about half what Tesla charges for FSD in the U.S.

Credit: Source link

ShareTweetSendSharePin
Previous Post

Mets lineup much deeper than Yankees heading into stretch run

Next Post

Jaguar Land Rover is the world’s best electric racing team. Here’s how that will shape its EVs

Related Posts

GMC targets electric truck leadership against Tesla, Ford, Rivian
News

GMC targets electric truck leadership against Tesla, Ford, Rivian

August 21, 2024
Brits snap up lower mortgages as BOE cut boosts market
News

Brits snap up lower mortgages as BOE cut boosts market

August 20, 2024
Eli Lilly weight loss drug cuts risk of developing diabetes in trial
News

Eli Lilly weight loss drug cuts risk of developing diabetes in trial

August 20, 2024
Who is Mike Lynch, UK tech entrepreneur missing in superyacht sinking?
News

Who is Mike Lynch, UK tech entrepreneur missing in superyacht sinking?

August 20, 2024
Global commodities’ biggest winners and losers this year
News

Global commodities’ biggest winners and losers this year

August 20, 2024
Travel is too expensive now — travel demand falls under cost concerns
News

Travel is too expensive now — travel demand falls under cost concerns

August 20, 2024
Next Post
Jaguar Land Rover is the world’s best electric racing team. Here’s how that will shape its EVs

Jaguar Land Rover is the world's best electric racing team. Here's how that will shape its EVs

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

What's New Here!

Yankees’ Carlos Rodon back on track with strong outing vs. Red Sox

Yankees’ Carlos Rodon back on track with strong outing vs. Red Sox

July 29, 2024
Hurricane didn’t trigger catastrophe bond in win for investors

Hurricane didn’t trigger catastrophe bond in win for investors

August 18, 2024
Police in Scottsdale, AZ will start using drones as first responders

Police in Scottsdale, AZ will start using drones as first responders

July 24, 2024
Thai hospitals leverage augmented reality in spine surgeries and more briefs

Thai hospitals leverage augmented reality in spine surgeries and more briefs

August 2, 2024
Commercial real estate crash: Lower rates won’t save offices

Commercial real estate crash: Lower rates won’t save offices

July 28, 2024
Fresh Hemp Foods Ltd Expands Snack and Health Food Offerings To Include The Humble Seed, Seed-Based Crackers

Fresh Hemp Foods Ltd Expands Snack and Health Food Offerings To Include The Humble Seed, Seed-Based Crackers

July 26, 2024
3 Ways Food Manufacturers Can Overcome Maintenance Challenges to Improve Operational Excellence

3 Ways Food Manufacturers Can Overcome Maintenance Challenges to Improve Operational Excellence

August 12, 2024

About

World Tribune is an online news portal that shares the latest news on world, business, health, tech, sports, and related topics.

Follow us

Recent Posts

  • Mets hope Francisco Alvarez’s walk-off homer a breakout sign
  • GMC targets electric truck leadership against Tesla, Ford, Rivian
  • Jannik Sinner should be ‘gone for 2 years’ over steroid test: Kyrgios
  • How to watch, stream the Democratic National Convention Night Two live online free without cable, on NBC, ABC, CBS, Fox, CNN, MSNBC

Newslatter

Loading
  • Submit Your Content
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2024 World Tribune - All Rights Reserved!

No Result
View All Result
  • Home
  • News
  • Business
  • Technology
  • Sports
  • Health
  • Food

© 2024 World Tribune - All Rights Reserved!

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In