Category: Tesla

Tesla reportedly laying off some battery workers at Shanghai plant

Earlier this week, began notifying some employees on the battery cell assembly lines at the first phase of its plant in Shanghai about that layoff, according to Bloomberg.

(Image: Screenshot from a Tesla China video.)

Tesla (NASDAQ: TSLA) is laying off some battery production workers at its Shanghai plant, amid heavy discounts on cars from all manufacturers, Bloomberg reported today.

Earlier this week, Tesla began notifying some employees on the battery cell assembly lines at the first phase of its plant in Shanghai about the layoffs, the report said, citing people familiar with the matter.

Some employees have been allowed to move to another shop, such as stamping, painting or general assembly, the people said. It's unclear how many battery workers may be let go, or the specific reasons behind the layoffs, according to the report.

Tesla employs about 20,000 people at its Shanghai plant, which can produce about 1 million vehicles a year, the report noted.

While Tesla uses batteries made by LG Energy Solution and in its vehicles, those battery cells must be made into battery modules and packs before they can be installed in the cars, a process that is done for the most part in Tesla's battery workshop.

Some automation equipment that could help replace human labor on the battery production line is in the design and construction stages, one of the people said, according to the report.

The report did not provide more details on the layoff plan, though a local media outlet reported yesterday that more than 50 percent of the phase one battery assembly line workforce would be cut.

The layoffs are partly due to the US government's ban on subsidies for batteries imported from China, requiring local car companies to use US-made batteries, Chinese media outlet Shifang Zhixing said in a report yesterday, citing an insider.

In addition, the ample battery assembly capacity at Tesla's Shanghai plant is also a major reason for the layoffs, according to the report.

The battery assembly line in phase two has a capacity of 870 batteries on a single shift, while the day shift plus the night shift in the two battery plants can provide 3,400 batteries, more than the amount needed for vehicle production, according to the report.

Vehicle manufacturing-related jobs have not been affected by the layoffs yet, after all, Tesla vehicle sales are still strong, the report said.

Tesla sold 93,680 China-made vehicles in June, including exports, the second highest on record after 100,291 in November 2022, according to data released by the China Passenger Car Association (CPCA) on July 4.

Tesla's Shanghai plant produces the Model 3 and Model Y, and their breakdown sales figures are currently unknown.

In May, Tesla sold 42,508 vehicles in China, ranking third in China's new energy vehicle (NEV) market with a 7.3 percent share, according to the CPCA. Tesla's Shanghai plant exported 35,187 vehicles in May.

Model Y retail sales in China in May were 31,054, making it the best-selling SUV in China that month, according to the CPCA's rankings.

From January to May, Model Y retail sales in China were 152,461 units, also the best-selling SUV in China during that period.

Yesterday, 16 car companies, including Tesla, , , and , signed a pledge in Shanghai to jointly maintain order in China's auto market and not to disrupt fair competition with abnormal prices.

Earlier today, Tesla ramped up referral incentives for the Model 3 and Model Y in China to boost sales of the two models.

Tesla to equip revamped Model 3 in China with CATL's new battery, report says

The post Tesla reportedly laying off some battery workers at Shanghai plant appeared first on CnEVPost.

For more articles, please visit CnEVPost.

Tesla ramps up referral incentives for Model 3 and Model Y in China

sold 93,680 China-made vehicles in June, including exports, the second-highest number on record after November 2022's 100,291 vehicles.

(Image credit: CnEVPost)

Tesla (NASDAQ: TSLA) has increased referral incentives in China for the Model 3 and Model Y to boost sales of the two locally produced models.

Starting July 7, Tesla owners who refer others to buy the Model 3 and Model Y will receive an upgraded benefits package, the US electric vehicle (EV) maker said today on Weibo.

The package includes a RMB 3,500 ($410) cash bonus for the purchaser, which can be used against the purchase price, and a free 90-day trial of Enhanced Autopilot (EAP) assisted driving software.

Referrals will be rewarded with 7,000 points that can be redeemed for gifts including a TeslaMic, Model Y for toddlers, or supercharging miles.

Tesla has previously run an owner referral program in China for several years, which offers 1,500 kilometers of free supercharging for both the referrer and the purchaser.

The referral program was discontinued on September 18, 2021, and reinstated on October 24, 2022, but only offered bonus points.

The upgrade to the referral bonus for the Model 3 and Model Y comes on the heels of Tesla's July 1 announcement of an RMB 35,000 to RMB 45,000 discount for the full line of Model S and Model X in China.

The Model S and Model X are not produced in China, and their deliveries here began in late March.

Tesla was also encouraging owners to recommend friends to buy the two models. If a customer buy the Model S and Model X on someone else's referral, they would receive an additional RMB 7,000 bonus, free supercharging benefits for three or six years, and 90 days of free EAP benefits. The referrer will then receive a 48,000-point bonus that can be redeemed for supercharger miles.

Tesla sold 93,680 China-made vehicles in June, including exports, the second highest on record after 100,291 in November 2022, according to data released by the China Passenger Car Association (CPCA) on July 4.

That's up 18.72 percent from 78,906 units a year ago and up 20.57 percent from 77,695 units in May.

Tesla's June sales in China and the breakdown of China-made vehicles exported are expected to be known in the coming days.

($1 = RMB 7.2439)

Tesla offers up to $6,200 discounts for Model S and Model X in China

The post Tesla ramps up referral incentives for Model 3 and Model Y in China appeared first on CnEVPost.

For more articles, please visit CnEVPost.

Carmakers, including Tesla, BYD, Nio, Xpeng, Li Auto, pledge to jointly maintain order in China auto market

These car companies have pledged to regulate their marketing activities and not to disrupt the order of fair competition in the market with abnormal prices.

(Image credit: CnEVPost)

More than 10 car companies, including major electric vehicle (EV) startups, have pledged to jointly maintain a fair market order in China's auto market, at a time when the EV industry is growing rapidly.

At the 2023 China Auto Forum in Jiading, Shanghai, today, the China Association of Automobile Manufacturers (CAAM) and 16 major automakers signed a pledge to uphold fair market order in the automotive industry.

This is to maintain a good auto market order, jointly create a good consumer environment, and actively stabilize and promote auto consumption, they said at the conference.

The car companies that signed the commitment include:

China FAW, Dongfeng Motor, SAIC, Changan Automobile, BAIC, GAC, China National Heavy Duty Truck, Chery, JAC, , Great Wall Motor, , , , , and .

The following is the main content of the commitment letter:

First, we will abide by the rules and regulations of the industry, regulate marketing activities, maintain a fair competition order, and not disrupt the fair competition order of the market with abnormal prices.

Second, we will pay attention to marketing methods, will not exaggerate or conduct false marketing, not to mislead consumers to attract attention and increase customer acquisition.

Third, we will put quality first, use quality-oriented, high-quality products and services to meet the people's needs for a better life.

Fourth, we will actively fulfill our social responsibility, and take an active role in helping to stabilize economic growth, increase confidence and prevent risks, and work together to make a contribution to national economic growth.

It should be noted that the commitment is self-regulatory and not legally binding, and it was signed after the price war at the beginning of the year and the emergence of a war of words between several EV companies and their supporters.

Since early March, a rare price war has erupted in China's auto industry, which has not boosted sales but has instead triggered a wait-and-see mood among consumers, resulting in car sales not seeing an increase.

On March 22, the CAAM called for the hype about price cuts in China's auto industry to cool down to return the industry to normal operation and ensure healthy and stable development of the industry throughout the year.

After that, the price war in China's auto industry gradually subsided.

It is worth noting that although these car companies pledged today not to disrupt the fair order with abnormal prices, it does not mean that they cannot cut prices when facing future challenges.

Local brands expected to capture over 50% of China's auto market for 1st time this year, AlixPartners says

The post Carmakers, including Tesla, BYD, Nio, Xpeng, Li Auto, pledge to jointly maintain order in China auto market appeared first on CnEVPost.

For more articles, please visit CnEVPost.

China NEV insurance registrations for week ending Jul 2: BYD 54,000, Nio ES6 1,900

The Model Y was the best-selling new energy SUV and the Model 3 was the best-selling new energy sedan in China last week.

(NASDAQ: LI) yesterday shared the insurance registrations of some of the car companies last week to showcase its leadership among the new car-making brands.

Local auto media outlet Dongchedi then shared the rankings they produced, providing more details.

It should be noted that the two shared slightly different data on a few of the car companies' numbers, although the differences were minor, which may have to do with their rounding practices.

In the week between June 26 and July 2, (OTCMKTS: BYDDY) had the highest number of new energy vehicle (NEV) insurance registrations in China at 54,000, according to what Dongchedi shared.

Tesla was in second place at 17,300 units. Tesla was 17,400 units in the data shared by Li Auto yesterday.

was in third place with 11,600 units last week, and Li Auto was fourth with 6,500 units.

Volkswagen's NEV sales were 3,900 units last week, ranking 8th, according to Dongchedi.

When considering only Chinese brands, BYD, GAC Aion and Li Auto were the top three, with (NYSE: NIO) in sixth place.

The Tesla Model Y was the best-selling new energy SUV in China last week with 10,800 units sold. BYD Yuan Plus and BYD Song Plus DM-i were second and third, respectively, with 6,200 and 5,700 units sold.

Li Auto's Li L7 sold 2,800 units last week, ranking 7th.

Nio's ES6 was No. 10 at 1,900 units. The new ES6 was officially launched on May 24 and still seems to be in the capacity ramp-up phase.

The Tesla Model 3 sold 6,400 units last week and was the best-selling new energy sedan in China, according to data shared by Dongchedi.

BYD Dolphin came in second with 6,100 units and GAC Aion S was third with 6,000 units.

China NEV insurance registrations for week ending Jul 2: Tesla 17,400, Li Auto 6,500, Nio 4,100

The post China NEV insurance registrations for week ending Jul 2: BYD 54,000, Nio ES6 1,900 appeared first on CnEVPost.

For more articles, please visit CnEVPost.

Tesla sells record 93,680 China-made vehicles in Jun

In the second quarter, sold 247,217 China-made vehicles, contributing 53 percent of its global deliveries.

Tesla sold a record 93,680 China-made vehicles in June, surpassing the previous record of 88,869 vehicles in March, according to data released today by the China Passenger Car Association (CPCA).

That's up 18.72 percent from 78,906 vehicles in the same period last year and up 20.57 percent from 77,695 vehicles in May.

In the second quarter, Tesla sold 247,217 China-made vehicles, contributing 53 percent of the US electric vehicle (EV) maker's global deliveries, CnEVPost's calculations show.

Tesla reported on July 2 that it delivered 466,140 EVs globally in the second quarter, up 83.02 percent year-on-year and up 10.23 percent from 422,875 vehicles in the first quarter.

It was also a new record for Tesla's EV deliveries and higher than the 448,400 units expected by Wall Street analysts.

Tesla's cheaper Model 3 and Model Y delivered 446,915 units globally in the second quarter, above market expectations of 437,400 units, contributing 96 percent of deliveries. A total of 19,255 units of Model S and Model X were delivered, above expectations of 14,600 units.

In China, Tesla has a factory in Shanghai that produces the Model 3 and Model Y. This is its largest factory in the world, with an annual capacity of about 1.1 million units per year.

Tesla delivers record 466,140 vehicles globally in Q2

The post Tesla sells record 93,680 China-made vehicles in Jun appeared first on CnEVPost.

For more articles, please visit CnEVPost.

China NEV insurance registrations for week ending Jul 2: Tesla 17,400, Li Auto 6,500, Nio 4,100

's sales of 4,100 units last week are second only to in the table.

Li Auto (NASDAQ: LI) shares last week's sales of major new car makers in China, showing how it and its major peers fared.

For the week of June 26 to July 2, Li Auto sold 6,500 units, continuing to top the sales chart for China's new car-making brands, the company said today on Weibo.

Li Auto did not explain on what basis the weekly sales were measured, but apparently they were insurance registrations. The company had suspended sharing those numbers in May, but has since resumed sharing them.

In June, Li Auto exceeded 30,000 monthly deliveries for the first time, making it the fifth luxury brand to exceed 30,000 monthly deliveries after Mercedes-Benz, BMW, Audi and , and the only Chinese luxury brand among them, it said.

In July, Li Auto will challenge higher sales targets to become the luxury car brand of choice for more families, the company said.

Li Auto released data on July 1 showing it delivered a record 32,575 vehicles in June, the first time it has surpassed the 30,000 mark.

In the second quarter, Li Auto delivered 86,533 vehicles, up 201.65 percent year-on-year and up 64.56 percent from the first quarter, exceeding the upper end of its previously provided guidance range of 76,000 to 81,000 vehicles.

In the first half of the year, Li Auto delivered 139,117 vehicles, up 130.31 percent year-on-year, surpassing last year's full-year deliveries of 133,246.

Nio (NYSE: NIO) sold 4,100 units last week, second only to Li Auto among China's new car-making brands.

Nio delivered 10,707 vehicles in June, up 73.96 percent from 6,155 in May, although down 17.39 percent from 12,961 in the same month last year.

The deliveries included 6,383 SUVs, and 4,324 sedans, Nio said on July 1, without disclosing figures for specific models.

In the second quarter, Nio delivered 23,520 vehicles, down 6.14 percent from a year ago and down 24.23 percent from the first quarter. The deliveries were slightly above the lower end of the guidance range it provided on June 9 of 23,000 to 25,000 vehicles.

In the first half of the year, Nio delivered 54,561 vehicles, an increase of 7.35 percent year-on-year.

Nio's delivery rebound in June was helped by the start of deliveries of several new models, especially the new ES6.

The company launched the new ES6, based on the NT 2.0 platform, in China on May 24, with deliveries starting on launch night.

On June 15, Nio launched the ET5 Touring in China, with deliveries starting on June 16.

On June 28, Nio began deliveries in China for the new ES8, the flagship SUV launched on Nio Day 2022 on December 24, 2022.

Tesla (NASDAQ: TSLA) sold 17,400 units last week, ranking fourth among premium brands, according to the table shared by Li Auto.

The top-selling premium brands in China last week continued to be German luxury brands BMW, Audi and Mercedes-Benz, with 20,800, 20,500 and 19,600 respectively.

Li Auto was No. 6 in premium brand sales, behind Cadillac. Nio was No. 9, behind Volvo and Lexus.

Leapmotor was at 3,400 last week, at 3,200, at 3,100 and (NYSE: XPEV) at 2,700.

The post China NEV insurance registrations for week ending Jul 2: Tesla 17,400, Li Auto 6,500, Nio 4,100 appeared first on CnEVPost.

For more articles, please visit CnEVPost.

Tesla shares accelerate toward $300 on strong deliveries, charging deals with other automakers

Filed under: ,,,

Continue reading Tesla shares accelerate toward $300 on strong deliveries, charging deals with other automakers

Tesla shares accelerate toward $300 on strong deliveries, charging deals with other automakers originally appeared on Autoblog on Mon, 3 Jul 2023 12:42:00 EDT. Please see our terms for use of feeds.

Permalink |  Email this |  Comments

Tesla delivers record 466,140 vehicles globally in Q2

Model 3 and Model Y delivered 446,915 units worldwide in the second quarter, beating market expectations of 437,400 and contributing 96 percent of deliveries.

Tesla (NASDAQ: TSLA) saw another record quarter of deliveries.

The US electric vehicle (EV) giant delivered 466,140 vehicles worldwide in the second quarter, up 83.02 percent year-on-year and up 10.23 percent from 422,875 in the first quarter, according to its overnight announcement.

It was also a new record for Tesla's EV deliveries and higher than the 448,400 units Wall Street analysts had expected.

Tesla's cheaper Model 3 and Model Y delivered 446,915 units worldwide in the second quarter, above market expectations of 437,400 units, contributing 96 percent of deliveries. A total of 19,255 Model S and Model X units were delivered, above expectations of 14,600 units.

Tesla produced 479,700 vehicles in the second quarter, including 460,211 Model 3 and Model Y, and 19,489 Model S with Model X.

Tesla's production and delivery gap was 13,560 units in the second quarter, down from 18,000 units in the previous quarter.

Tesla cut prices globally earlier this year, and its starting price for the Model 3 sedan came to an all-time low after it cut prices in China on January 6.

In early May, the company raised the prices of all Model 3s and Model Ys in China, all by 2,000 yuan ($275), an increase of less than 1 percent. The move was thought to be more aimed at dampening consumers' wait-and-see sentiment at the time.

In China, Tesla has a factory in Shanghai that produces the Model 3 and Model Y. It's the largest Tesla factory in the world, with an annual capacity of about 1.1 million units a year.

Tesla does not officially announce its deliveries in China, though the China Passenger Car Association (CPCA) publishes those numbers every month.

Tesla's retail sales in China in April and May were 39,956 and 42,508, respectively, and its Shanghai plant exported 35,886 and 35,187 units in the two months, according to the CPCA.

The company's June sales figures in China are expected to be available in a few days.

(OTCMKTS: BYDDY), one of Tesla's main competitors in China, delivered 703,561 new energy vehicles (NEVs) in the second quarter, including 700,244 passenger cars and 3,317 commercial vehicles, according to data released yesterday.

BYD's passenger vehicle sales in the second quarter included 352,163 battery electric vehicles (BEVs) similar to Tesla vehicles and 348,081 plug-in hybrid vehicles (PHEVs).

($1 = RMB 7.2523)

BYD sells record 253,046 NEVs in Jun, sales in H1 exceed 1.25 million

The post Tesla delivers record 466,140 vehicles globally in Q2 appeared first on CnEVPost.

For more articles, please visit CnEVPost.

Tesla stock rally won’t last as rivals like Ford, GM pile into EV space, analyst says

Filed under: ,,,,

Continue reading Tesla stock rally won't last as rivals like Ford, GM pile into EV space, analyst says

Tesla stock rally won't last as rivals like Ford, GM pile into EV space, analyst says originally appeared on Autoblog on Sat, 1 Jul 2023 07:00:00 EDT. Please see our terms for use of feeds.

Permalink |  Email this |  Comments
driive.com
All about Smart and Sustainable Mobility

Archives

November 2024
M T W T F S S
 123
45678910
11121314151617
18192021222324
252627282930