tesla Archives - Page 5 of 24

Tesla China Raises Prices of Model S and Model X by $2,747

Tesla announced on May 5th that it would increase the prices of Model S and Model X by 19,000 yuan ($2,747) effective immediately in China. As a result, the starting price for Model S is now 808,900 yuan while the starting price for Model X is 898,900 yuan.

Will Chinese EV Makers Follow Tesla’s Lead in Raising Prices?

On May 2nd, Tesla's website displayed a global price increase for its electric vehicles. This comes after multiple price cuts earlier this year. The starting prices of Model 3 and Model Y have both risen by 2,000 yuan ($289) in China.

Revealing the Efficient Operational Secrets of Tesla’s Gigafactory Shanghai

Tesla's Gigafactory in Shanghai has played a significant role in the company's production and sales, accounting for 50% of its output. The factory has achieved an impressive gross margin of over 30%, owing to its efficient layout, optimized processes, cost-effective land acquisition, streamlined supply chain management, and skilled human resources.

Tesla’s Superchargers in Mainland China Are Open to Other NEVs

On April 25th, Tesla opened its charging network to other non-Tesla new energy vehicles in mainland China for trial. The first batch of trials includes 10 Tesla supercharging stations that are open to 37 non-Tesla vehicle models.

Tesla’s Q1 Revenue in China Reaches $4.89B, YoY Increase of over 5%

Tesla's Q1 total revenue was $23.329 billion, as per documents submitted to the US Securities and Exchange Commission (SEC) on April 24th. Notably, Tesla's revenue in China in Q1 amounted to $4.891 billion with a year-on-year growth rate of 5.18%.

Tesla Refutes Rumored Price Cuts in Chinese Mainland Market

Tesla's Model 3 and Model Y in the Chinese mainland market are rumored to see a price reduction this Saturday.

Tesla’s New Megapack Battery Factory in Shanghai Starts Recruiting

Tesla has started recruiting for its new factory in Shanghai, China that will produce Megapack large-scale energy-storage units.

A BYD Dealership Appeals against Judgment on Commercial Defamation Dispute with Tesla

Tesla (Shanghai) Co., Ltd. has been notified of a second-instance court hearing for a commercial defamation dispute. The appellant is Anqing Fengdi New Energy Vehicle Sales and Service Co., Ltd., a BYD dealership, and the hearing is scheduled to take place on April 17.

Tesla Builds A Megafactory in Shanghai

On April 9th, the signing ceremony for Tesla's Megafactory project was held in Shanghai. The factory will be built in the Lingang New Area of the Shanghai Free Trade Zone.

Tesla Names Tom Zhu as Senior Vice President for Automotive Operations

Tesla named Tom Zhu, who led the construction and operations of Tesla's Shanghai factory, as senior vice president for automotive operations, a regulatory filing on April 6 showed.

Tesla Plans to Produce 4M Low-Priced Vehicle Models Annually

Tesla is planning a grand production capacity for its future low-priced model. "The new model will be a smaller version of the Model Y," an insider said, "and Tesla is planning an annual production capacity of up to four million vehicles."

Tesla Launches Charging Device CyberVault in China

Tesla launched the CyberVault on April 3, a Cybertruck-inspired 13kg box with integrated EV home charging which is tailor-made for the Chinese market.

Tesla China Announces the Launch of New Product in 3 days

On March 31st, Tesla China's official public account updated an article announcing the release of a new product in three days.

Tesla Model S and Model X Begins Delivery in Chinese Market

On March 28th, it was announced that Tesla officially released the prices for the new Model S and Model X in China, and began deliveries to the Chinese market.

Batteries from Chinese-made Tesla Model 3 Standard Range Version Lose Tax Break

On March 23rd, Tesla revealed to employees that it is expected to lose the entire $7500 of federal tax break because its cheapest electric vehicle uses Chinese batteries.

Li Auto to Launch Six Pure EVs, Founder Says

On March 22, Li Xiang, CEO of Chinese electric vehicle maker Li Auto, took to social media to provide a glimpse into the company's future product plans, revealing that it will launch six new pure electric vehicles.

BYD Unveils Champion Editions of the Han EV and Tang DM-i

On March 16, BYD unveiled the Han EV Champion Edition and the Tang DM-i Champion Edition with prices ranging from 209,800 yuan ($30,434) to 299,800 yuan ($43,488), and 209,800 yuan ($30,434) to 239,800 yuan ($34,785), respectively.

Tesla and BYD Deny Rumors about Halting Cooperation

On March 14, Tesla Chief Executive Elon Musk and Chinese electric vehicle and battery maker BYD denied a media report that said the U.S. giant was ending its cooperation with BYD on battery supplies.

Tesla’s Decision to Remove Rare Earths from Its EVs Causes Chinese Stocks to Tumble

Tesla said it is creating a permanent magnet electric vehicle motor with zero rare earth elements. Although the stock shares of many listed companies in China in the rare earth industry dropped heavily on the news, they remain optimistic about the future development of the industry.

Li Auto Emphasizes Gross Profit Margins, Competition with Tesla and Apple

Li Xiang, chairman and CEO of Li Auto, revealed the electric vehicle maker's target - to occupy 35% of the passenger car market with a price range of more than 200,000 yuan ($28,997) in 2027, and to become the world's leading artificial intelligence enterprise in 2030.

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