SHANGHAI, China - Electric car giant Tesla is set to realise fully autonomous vehicles "later this year", CEO Elon Musk said Thursday, in the billionaire's latest forecast for the long-anticipated milestone.

"In terms of where Tesla is at this stage, I think we are very close to achieving full self-driving without human supervision," Musk said via video link at the opening ceremony of an artificial intelligence conference in Shanghai.

"This is only speculation, but I think we'll achieve full self-driving, maybe what you would call four or five, I think later this year," the billionaire added, referring to two of the most advanced levels of autonomous driving technology.

The mercurial entrepreneur and Twitter owner admitted that he had been wrong in previous predictions on this timeline, but added: "I feel like we're closer to it than we ever have been."

Musk has missed his own deadlines for a fully autonomous vehicle -- and Tesla's driver-assistance technology has provoked regulatory probes in the United States.

China is the world's biggest electric vehicle market and Tesla announced in April it would build a second massive factory in Shanghai.

His appearance at the World Artificial Intelligence Conference in Shanghai marks his latest effort to maintain close links to China, following a visit to the country in May.

Electric vehicles make up a quarter of car sales in China, the world's largest car market, and dozens of new models from domestic and Western brands were unveiled in April at the country's first auto show since Covid restrictions were lifted.

Tesla reported a drop in first-quarter earnings this year, with the company undertaking a series of price cuts in the face of competition from other automakers.

<h1>Musk predicts Tesla self-driving cars 'later this year'</h1>SHANGHAI, China - Electric car giant Tesla is set to realise fully autonomous vehicles "later this year", CEO Elon Musk said Thursday, in the billionaire's latest forecast for the long-anticipated milestone."In terms of where Tesla is at this stage, I think we are very close to achieving full self-driving without human supervision," Musk said via video link at the opening ceremony of an artificial intelligence conference in Shanghai."This is only speculation, but I think we'll achieve full self-driving, maybe what you would call four or five, I think later this year," the billionaire added, referring to two of the most advanced levels of autonomous driving technology.The mercurial entrepreneur and Twitter owner admitted that he had been wrong in previous predictions on this timeline, but added: "I feel like we're closer to it than we ever have been."Musk has missed his own deadlines for a fully autonomous vehicle -- and Tesla's driver-assistance technology has provoked regulatory probes in the United States.China is the world's biggest electric vehicle market and Tesla announced in April it would build a second massive factory in Shanghai.His appearance at the World Artificial Intelligence Conference in Shanghai marks his latest effort to maintain close links to China, following a visit to the country in May.Electric vehicles make up a quarter of car sales in China, the world's largest car market, and dozens of new models from domestic and Western brands were unveiled in April at the country's first auto show since Covid restrictions were lifted.Tesla reported a drop in first-quarter earnings this year, with the company undertaking a series of price cuts in the face of competition from other automakers.

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Musk predicts Tesla self-driving cars 'later this year'

BEIJING/SHANGHAI&nbsp; -U.S. automaker&nbsp;Tesla&nbsp;and its chief Chinese rival&nbsp;BYD&nbsp;achieved record deliveries of their China-made vehicles in the second-quarter, China Passenger Car Association (CPCA) data showed, as a fight for market share heats up.

Tesla&nbsp;sold 93,680 China-made electric vehicles (EVs) in June, up 18.72 percent from a year earlier, when&nbsp;Tesla‘s factory in Shanghai delivered 78,906 China-made Model 3 and Model Y vehicles after the city ended a two-month COVID-19 lockdown. 

The U.S. automaker sold 247,217 China-made cars over April-June, the most since it started delivering vehicles from Shanghai in early 2020, the data also showed.&nbsp;Tesla&nbsp;reported record deliveries of 466,140 globally for the second quarter.

Chinese rival&nbsp;BYD, with its Dynasty and Ocean series of EVs and petrol-electric hybrid vehicles, saw June sales surge 88.16 percent year-on-year to 251,685 vehicles, according to CPCA data.

This was also the first time&nbsp;BYD‘s monthly sales surpassed 250,000 units and meant that between April to June,&nbsp;BYD&nbsp;delivered 700,244 vehicles, the data showed.

CPCA estimated total sales of new energy passenger vehicles – both at home and for export, and including pure electric and plug-in hybrids – at 740,000 units in June, up 30 percent from a year earlier. It did not separate domestic sales and exports.

The companies’ sales surge point to how they are so far managing to stay ahead of their competition even as overall auto sales slow in China amid a softening economy.

Tesla&nbsp;slashed prices for its two ageing models at the beginning of the year to boost sales and started a price war, prompting competitors – including&nbsp;BYD&nbsp;– to offer discounts or new lower-priced models.

The EV sector is also being given additional support from the Chinese government, which wants to drive sales to shore up a faltering economic recovery.

&nbsp; In June, Beijing announced 520 billion yuan ($71.67 billion) worth of purchase tax breaks on new-energy vehicles through the end of 2027. Caps on the tax exemption, however, may help drive sales growth of cheaper models that are mainly produced by domestic firms rather than premium vehicles from foreign makers, analysts said.

<h1>Tesla, BYD’s China deliveries hit record high in Q2 </h1>BEIJING/SHANGHAI&nbsp; -U.S. automaker&nbsp;Tesla&nbsp;and its chief Chinese rival&nbsp;BYD&nbsp;achieved record deliveries of their China-made vehicles in the second-quarter, China Passenger Car Association (CPCA) data showed, as a fight for market share heats up.Tesla&nbsp;sold 93,680 China-made electric vehicles (EVs) in June, up 18.72 percent from a year earlier, when&nbsp;Tesla‘s factory in Shanghai delivered 78,906 China-made Model 3 and Model Y vehicles after the city ended a two-month COVID-19 lockdown. The U.S. automaker sold 247,217 China-made cars over April-June, the most since it started delivering vehicles from Shanghai in early 2020, the data also showed.&nbsp;Tesla&nbsp;reported record deliveries of 466,140 globally for the second quarter.Chinese rival&nbsp;BYD, with its Dynasty and Ocean series of EVs and petrol-electric hybrid vehicles, saw June sales surge 88.16 percent year-on-year to 251,685 vehicles, according to CPCA data.This was also the first time&nbsp;BYD‘s monthly sales surpassed 250,000 units and meant that between April to June,&nbsp;BYD&nbsp;delivered 700,244 vehicles, the data showed.CPCA estimated total sales of new energy passenger vehicles – both at home and for export, and including pure electric and plug-in hybrids – at 740,000 units in June, up 30 percent from a year earlier. It did not separate domestic sales and exports.The companies’ sales surge point to how they are so far managing to stay ahead of their competition even as overall auto sales slow in China amid a softening economy.Tesla&nbsp;slashed prices for its two ageing models at the beginning of the year to boost sales and started a price war, prompting competitors – including&nbsp;BYD&nbsp;– to offer discounts or new lower-priced models.The EV sector is also being given additional support from the Chinese government, which wants to drive sales to shore up a faltering economic recovery.&nbsp; In June, Beijing announced 520 billion yuan ($71.67 billion) worth of purchase tax breaks on new-energy vehicles through the end of 2027. Caps on the tax exemption, however, may help drive sales growth of cheaper models that are mainly produced by domestic firms rather than premium vehicles from foreign makers, analysts said.

Tesla, BYD’s China deliveries hit record high in Q2  

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