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The first of Tesla's Model Y's made in China will be handed over to European customers in August, the German news agency SPA reported, citing an official Tesla communication. The vehicles will be exported from the Tesla factory in Shanghai.
Tesla Inc will start producing electric vehicle (EV) chargers in China next year, according to a Reuters report.
Tesla has recently secured the "Cyber" trademark in China for its Cybertruck, following the registration of the "CYBERTRUCK" trademark in January, 2024.
Tesla has reportedly closed its first flagship showroom in China, located in Beijing's upscale Parkview Green shopping mall, in a bid to adjust its sales and services strategy in the country. Tesla sales staff in China said that the high rent caused the store's closure.
During the Guangzhou Auto Show, Kong Yanshuang, Regional General Manager of Tesla China, said in an interview that the company is looking forward to accelerating the release of vitality in the Chinese auto market after the end of the pandemic.
On December 2nd, Tesla China responded that there are currently no plans to sell the Cybertruck in China.
A series of rumors regarding Chinese battery firm Contemporary Amperex Technology, Co., Ltd. (CATL) have recently surfaced on digital media platforms, causing a 17% drop in the firm's stock price last week.
Major Chinese battery firms including CATL, EVE and BAK Battery plan to start mass production of the 4680 cylindrical battery model this year.
Tesla's Model 3 and Model Y in the Chinese mainland market are rumored to see a price reduction this Saturday.
On September 11, Tesla China's official website showed that the price of its Model Y Performance car was raised by 10,000 yuan ($1,552) to reach a total of 387,900 yuan.
Tesla has negotiated a 10 billion yuan ($1.4 billion) loan with Chinese banks to be facilitated over a five-year period.
Chinese EV maker NIO is developing lithium ferromanganese phosphate and 4680 batteries, and plans to mass-produce these two batteries for itself and its sub-brand ALPS.