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Tesla Roadster rival Rimac to partner with China for battery and electric motor factory
Rimac Automobili, the auto startup behind the all-electric hypercars Concept_One and C_Two, has signed a deal with China’s Camel Group, a prominent battery manufacturer, to build an electric motor and battery factory in the world’s most populous country.
Rimac is reportedly investing roughly $6.1 million into the $158.2 million joint venture with the Camel Group. The two companies will be operating in China under the name Zhongkeluorui Technology Co. Ltd., which will be privy to the technology and knowledge that the exclusive hypercar-maker has acquired over its tenure in the electric car industry. For its investment and contribution to the joint venture’s tech, Rimac would hold 40 percent of the Zhongkeluorui Technology’s shares. The rest will be held by the Camel Group.
Zhongkeluorui Technology will be operating out of a factory that will be constructed in Xiangyang City, located in China’s Hubei province.
In a statement to Croatia-based media firm Poslovni Dnevnik, Mate Rimac, CEO and founder of Rimac Automobili, stated that his initiatives in China are key to the company’s goals, especially since the Far East Asian country holds the biggest market for electric cars and other modes of sustainable transport. This, together with China’s open commitment to embracing green technology, has convinced Rimac to pursue a partnership with the Camel Group for the joint venture.
“China is important to us because it represents the biggest market in the world for electric cars, buses, trucks and other methods of transport which are recording the biggest growth. China has been strategically committed to electric vehicles, and it plans to completely switch the transport to electric drive, so we made an exception for the Chinese market. The development and production for all other world markets will remain in Croatia,” Rimac said.
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Rimac C_Two boasts 1,914 HP from four electric motors
In his statement to the Croatia-based news firm, Rimac asserted that his company’s partnership with the Camel Group would create a company that targets only the Chinese market. Despite the company’s strategy in China, Rimac stated that his company will still prioritize the development and creation of limited-series, high-performance vehicles like the recently revealed C_Two all-electric hypercar. As we recently reported, the C_Two can go from 0-60 mph in 1.85 seconds, beating the next-generation Tesla Roadster’s 0-60 time of 1.9 seconds.
Overall, Rimac’s moves to enter the Chinese market appears to have gone well due to the Croatia-based firm’s willingness to partner with a local company for its operations in China. This is something that Tesla is reportedly having problems on, as the Elon Musk-led firm prefers to hold sole ownership of its planned factory in Shanghai, whereas Chinese regulators demand that Tesla partner with a local firm. As we noted in a recent report, however, Shanghai officials recently released a statement claiming that talks between Tesla and Chinese regulators are progressing well.
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Tesla Europe rolls out FSD ride-alongs in the Netherlands’ holiday campaign
The festive event series comes amid Tesla’s ongoing push for regulatory approval of FSD across Europe.
Tesla Europe has announced that its “Future Holidays” campaign will feature Full Self-Driving (Supervised) ride-along experiences in the Netherlands.
The festive event series comes amid Tesla’s ongoing push for regulatory approval of FSD across Europe.
The Holiday program was announced by Tesla Europe & Middle East in a post on X. “Come get in the spirit with us. Featuring Caraoke, FSD Supervised ride-along experiences, holiday light shows with our S3XY lineup & more,” the company wrote in its post on X.
Per the program’s official website, fun activities will include Caraoke sessions and light shows with the S3XY vehicle lineup. It appears that Optimus will also be making an appearance at the events. Tesla even noted that the humanoid robot will be in “full party spirit,” so things might indeed be quite fun.
“This season, we’re introducing you to the fun of the future. Register for our holiday events to meet our robots, see if you can spot the Bot to win prizes, and check out our selection of exclusive merchandise and limited-edition gifts. Discover Tesla activities near you and discover what makes the future so festive,” Tesla wrote on its official website.
-->This announcement aligns with Tesla’s accelerating FSD efforts in Europe, where supervised ride-alongs could help demonstrate the tech to regulators and customers. The Netherlands, with its urban traffic and progressive EV policies, could serve as an ideal and valuable testing ground for FSD.
Tesla is currently hard at work pushing for the rollout of FSD to several European countries. Tesla has received approval to operate 19 FSD test vehicles on Spain’s roads, though this number could increase as the program develops. As per the Dirección General de Tráfico (DGT), Tesla would be able to operate its FSD fleet on any national route across Spain. Recent job openings also hint at Tesla starting FSD tests in Austria. Apart from this, the company is also holding FSD demonstrations in Germany, France, and Italy.
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Tesla sees sharp November rebound in China as Model Y demand surges
New data from the China Passenger Car Association (CPCA) shows a 9.95% year-on-year increase and a 40.98% jump month-over-month.
Tesla’s sales momentum in China strengthened in November, with wholesale volumes rising to 86,700 units, reversing a slowdown seen in October.
New data from the China Passenger Car Association (CPCA) shows a 9.95% year-on-year increase and a 40.98% jump month-over-month. This was partly driven by tightened delivery windows, targeted marketing, and buyers moving to secure vehicles before changes to national purchase tax incentives take effect.
Tesla’s November rebound coincided with a noticeable spike in Model Y interest across China. Delivery wait times extended multiple times over the month, jumping from an initial 2–5 weeks to estimated handovers in January and February 2026 for most five-seat variants. Only the six-seat Model Y L kept its 4–8 week estimated delivery timeframe.
The company amplified these delivery updates across its Chinese social media channels, urging buyers to lock in orders early to secure 2025 delivery slots and preserve eligibility for current purchase tax incentives, as noted in a CNEV Post report. Tesla also highlighted that new inventory-built Model Y units were available for customers seeking guaranteed handovers before December 31.
This combination of urgency marketing and genuine supply-demand pressure seemed to have helped boost November’s volumes, stabilizing what had been a year marked by several months of year-over-year declines.
-->For the January–November period, Tesla China recorded 754,561 wholesale units, an 8.30% decline compared to the same period last year. The company’s Shanghai Gigafactory continues to operate as both a domestic production base and a major global export hub, building the Model 3 and Model Y for markets across Asia, Europe, and the Middle East, among other territories.
Tesla bear Michael Burry got blunt with his beliefs over the company’s valuation, which he called “ridiculously overvalued” in a newsletter to subscribers this past weekend.
“Tesla’s market capitalization is ridiculously overvalued today and has been for a good long time,” Burry, who was the inspiration for the movie The Big Short, and was portrayed by Christian Bale.
Burry went on to say, “As an aside, the Elon cult was all-in on electric cars until competition showed up, then all-in on autonomous driving until competition showed up, and now is all-in on robots — until competition shows up.”
Tesla bear Michael Burry ditches bet against $TSLA, says ‘media inflated’ the situation
For a long time, Burry has been skeptical of Tesla, its stock, and its CEO, Elon Musk, even placing a $530 million bet against shares several years ago. Eventually, Burry’s short position extended to other supporters of the company, including ARK Invest.
Tesla has long drawn skepticism from investors and more traditional analysts, who believe its valuation is overblown. However, the company is not traded as a traditional stock, something that other Wall Street firms have recognized.
While many believe the company has some serious pull as an automaker, an identity that helped it reach the valuation it has, Tesla has more than transformed into a robotics, AI, and self-driving play, pulling itself into the realm of some of the most recognizable stocks in tech.
Burry’s Scion Asset Management has put its money where its mouth is against Tesla stock on several occasions, but the firm has not yielded positive results, as shares have increased in value since 2020 by over 115 percent. The firm closed in May.
In 2020, it launched its short position, but by October 2021, it had ditched that position.
Tesla has had a tumultuous year on Wall Street, dipping significantly to around the $220 mark at one point. However, it rebounded significantly in September, climbing back up to the $400 region, as it currently trades at around $430.
It closed at $430.14 on Monday.
Tesla Europe rolls out FSD ride-alongs in the Netherlands’ holiday campaign
Tesla sees sharp November rebound in China as Model Y demand surges
