Tesla China's payment cycle to supply chain partners has been further shortened to around 90 days from about 101 days in 2023, according to Tesla VP Grace Tao.
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Tesla China's payment cycle to supply chain partners has been further shortened to around 90 days from about 101 days in 2023, according to Tesla VP Grace Tao.
For details, please visit CnEVPost.
Deutsche Bank expects the Nio brand to deliver 17,000 units in November and the Onvo sub-brand 5,000 units.
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Tesla has over 400 local tier-1 suppliers signed up in China, more than 60 of which are in its global supply chain system, according to local media.
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Li Auto had 11,600 insurance registrations last week, Xpeng 7,200, Zeekr 6,200, Leapmotor 9,100 and Aito 7,500.
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Tesla is offering a limited-time discount in China for two less expensive variants of the Model Y, probably because the crossover's major refresh is not far away.
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Li Auto had 12,300 insurance registrations last week, Xpeng 6,300, Zeekr 6,000, Leapmotor 8,500 and Aito 7,200.
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Tesla Model 3 wait time in China has been shortened from 2-4 weeks previously to 1-3 weeks, while the Model Y remains unchanged at 1-3 weeks.
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China EV insurance registrations for week ending Nov 10
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In the January-October period, BYD was No. 1 in the NEV market with a 34.8 percent share, while Tesla was No. 3 with a 6.0 percent share.
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Tesla sold 40,485 vehicles in China in October, the lowest since April, as exports from its Shanghai factory rose 72.41 percent from September.
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