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Jul 262 min read

Tesla's Full Self-Driving Software Set to Receive Approval in China, Announces Elon Musk

Tesla plans to seek regulatory approvals for its Full Self-Driving software in China, Europe, and other markets. Elon Musk aims to release versions v12.5 or v12.6 of the FSD software soon, expecting approval before the year ends. Tesla intends to offer Chinese owners access to the advanced driver assistance system for around US$98 per month.

Tesla Model 3

Musk stated that versions v12.5 or v12.6 of the FSD software would be released "pretty soon," with expectations to secure approval before the end of the year. This move is anticipated to boost demand in these regions, although Musk did not disclose specific details.


In line with this, a Reuters report from May highlighted Tesla's aim to offer Chinese owners access to the advanced driver assistance system for approximately US$98 per month this year. The company is gearing up for the software registration process with China's top industry regulator. Tesla's FSD software will enter a competitive landscape in China, challenging similar offerings from local rivals like Huawei, Xpeng Motors, and Li Auto. These competitors have been enhancing the accessibility of their technologies through advanced AI algorithms and cost-effective sensors, as reported by TechNode.


Despite Tesla's total revenue showing a modest 2% increase to US$25.5 billion compared to the previous year, automotive sales and overall profit experienced a decline for the second consecutive quarter. The company faces mounting competition both domestically and in China, contributing to these challenges.

 

  • Tesla plans to seek regulatory approvals for its Full Self-Driving software in China, Europe, and other markets.

  • Elon Musk aims to release versions v12.5 or v12.6 of the FSD software soon, expecting approval before the year ends.

  • Tesla intends to offer Chinese owners access to the advanced driver assistance system for around US$98 per month.


Source: TECHNODE

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