Smart and Sustainable Electric Mobility
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Continue reading Tesla offers China-made electric vehicles for sale in Canada
Tesla offers China-made electric vehicles for sale in Canada originally appeared on Autoblog on Tue, 23 May 2023 09:36:00 EDT. Please see our terms for use of feeds.
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Tesla vehicles registered 10,200 insurance units in China last week, bringing the number to 26,118 for the first three weeks of May.
Li Auto founder, chairman and CEO Li Xiang said last week that they had been complained about by some of their peers and therefore could not continue to share the weekly insurance registration numbers.
Interestingly, however, the company resumed sharing those numbers today to continue to show that it leads the pack among Chinese new energy vehicle (NEV) startups.
For the week of May 15 to May 21, Li Auto sold 7,100 units, far outpacing other new car brands and reigning as the weekly sales leader for new automaking brands in the Chinese market, the company said today on Weibo.
Li Auto did not explain on what basis the sales were counted, but apparently, they were insurance registrations.
Li Auto surpassed all other traditional luxury brands except Mercedes-Benz, BMW and Audi to remain in the top five luxury brands in the Chinese market in terms of sales, the highest-ranked Chinese brand on the list, it said.
In the first two weeks of May, Li Auto vehicles had 4,543 and 6,670 insurance registrations, respectively. This means that from May 1 to May 21, Li Auto sold about 18,313 vehicles.
The tables Li Auto shared today show that NIO vehicles had 1,400 insurance registrations last week. This means that NIO had 3,700 insurance registrations for the first three weeks of May.
NIO deliveries continue to be curbed by the upcoming launch of the new ES6, with insurance registration figures of 1,100 and 1,200 in the first and second weeks of May, respectively.
NIO will officially launch the new ES6 on May 24, and its deliveries will start on May 25.
The company is getting the ES6 to market with unprecedented delivery efficiency, and as of May 20, the new ES6 show cars were available at nearly 300 NIO stores in 92 cities.
XPeng registered 1,500 insurance units last week, the same as the previous week. In the first three weeks of May, XPeng vehicles had 3,870 insurance registrations.
XPeng deliveries were also dampened by the new model G6, which is expected to officially launch and begin deliveries at the end of next month.
Insurance registrations for Tesla vehicles in China were 10,200 last week, bringing the figure to 26,118 for the first three weeks of May. The number was 5,928 and 9,990 in the first two weeks of May.
The post China NEV insurance registrations for week ending May 21: Li Auto 7,100, XPeng 1,500, NIO 1,400 appeared first on CnEVPost.
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Both models are eligible for a C$,000 federal incentive in Canada.
(Screenshot of Tesla Canada website.)
Tesla (NASDAQ: TSLA) is listing China-made Model 3 and Model Y electric vehicles (EVs) for sale in Canada, confirming that it has completed its first shipments to North America from its Shanghai plant, according to a Reuters report today.
The rear-wheel drive Model Y and the long-range all-wheel drive version of the Model 3 are available for immediate delivery in British Columbia, with codes indicating they were built at Giga Shanghai, the report said.
Both models are eligible for a C$5,000 ($3,695) federal incentive in Canada, which, unlike the US, does not link EV subsidies to the location of the plant where the cars are built, the report noted.
Tesla and other EV makers have a cost advantage in China, and exports to Canada have opened up a new market for Giga Shanghai, the report said.
(Screenshot of Tesla Canada website.)
The company has designed and tested Model Y cars for export to North America and aims to produce nearly 9,000 for export this quarter, the report said, citing a Tesla production plan.
On April 24, Reuters cited people familiar with the matter and a production memo as saying that Tesla had begun production in Shanghai of the Model Y that will be sold in Canada this year.
It will be the first time the company has shipped cars from China to North America, a move that will connect Tesla's largest and most cost-effective factory in the world with its largest market, North America, the report said.
Tesla's Shanghai plant, which makes the Model 3 as well as the Model Y, not only supplies vehicles to local consumers but is also an export center for the EV maker.
Tesla delivered 39,956 vehicles in China in April, and the Shanghai plant exported 35,886, according to data released earlier this month by the China Passenger Car Association (CPCA).
For the full year 2022, Tesla delivered 439,770 vehicles in China, up 37.11 percent from 320,743 vehicles in 2021.
Tesla's Shanghai plant exported 271,095 vehicles in 2022, according to data monitored by CnEVPost.
Tesla's Shanghai plant produced about 727,000 units in 2022, up 49.7 percent from a year earlier, contributing 23 percent of Shanghai's auto manufacturing output, a local official said earlier this month.
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Tesla's revamped Model 3 nears final trial production in Shanghai, report says
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The Tesla Model Y with BYD battery hit the production line in Germany and appeared to be more efficient than the Y with CATL battery.
The post First Tesla Model Y with BYD Blade battery rolled off the production line in Germany. Its performance is surprising appeared first on CarNewsChina.com.
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Continue reading Some Tesla Model 3 cars get U.S. discounts of more than $1,300
Some Tesla Model 3 cars get U.S. discounts of more than $1,300 originally appeared on Autoblog on Sat, 20 May 2023 13:04:00 EDT. Please see our terms for use of feeds.
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Continue reading Elon Musk says Tesla not immune to tough economy that he foresees
Elon Musk says Tesla not immune to tough economy that he foresees originally appeared on Autoblog on Wed, 17 May 2023 08:30:00 EDT. Please see our terms for use of feeds.
Permalink | Email this | CommentsNIO's sales appear to continue to be dampened by the upcoming new ES6, as potential consumers may be waiting for this more cost-effective SUV.
The main channels that previously shared weekly auto insurance registrations in China stopped sharing these numbers, but multiple reliable sources that we track on a daily basis shared last week's numbers.
For the week of May 8 to May 14, insurance registrations for all passenger vehicles in China were 365,000, up 43.5 percent year-on-year, but down 11.8 percent from the previous week.
Insurance registrations for conventional internal combustion engine vehicles were 245,000 last week, up 29.8 percent year-on-year but down 20.3 percent from the previous week.
New energy vehicles (NEVs) were 120,000 units last week, up 82.7 percent year-on-year and 12.8 percent from the previous week.
In terms of NEV insurance registrations, BYD (OTCMKTS: BYDDY) continues to hold the distant lead with 46,892 units last week, up from 45,789 units the week before.
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During the week of May 1 to May 7, the first three days were the Labor Day holiday in China, although May 6 was a Saturday but a weekday. The holiday ran from April 29 to May 3.
Tesla (NASDAQ: TSLA) registered 9,990 insurance units in China last week, up from 5,928 the week before.
NIO (NYSE: NIO) had 1,200 insurance registrations last week, up from 1,100 the week before. These numbers are not precise to the single digit, as the sources tracked by CnEVPost did not share more detailed figures.
NIO's sales appear to be continuing to be dampened by the upcoming new ES6, as potential consumers may be waiting for the more cost-effective SUV.
The company announced yesterday that the new ES6 will be officially launched on May 24, with test drives available on the same day and deliveries to begin on May 25.
This will be its fastest model from launch to delivery, perhaps because of the lessons learned from the long waiting period for models including the ET5 that led to the loss of potential orders.
The continued product switchover led to months of sluggish NIO deliveries, which fell further to 6,658 vehicles in April. The company will report first-quarter earnings on June 9, when it is expected to provide guidance on second-quarter deliveries.
Li Auto (NASDAQ: LI) continued its strong trend with 6,670 insurance registrations last week, up from 4,543 the previous week.
Li Auto is currently untroubled by product switches and its three models are competitive compared to their class, allowing it to maintain strong sales.
To show off that it is leading the pack of new car makers, Li Auto has shared weekly insurance registration figures for the past two months, but stopped sharing them this month.
On May 15, Li Auto founder, chairman and CEO Li Xiang said on Weibo that their sharing of weekly data was complained about by some of their peers, so they were unable to continue sharing them.
Li Auto guided for second-quarter deliveries between 76,000 and 81,000 vehicles when it reported first-quarter earnings on May 10. Considering it delivered a record 25,681 vehicles in April, that guidance means it expects to deliver a total of 50,319 to 55,319 vehicles in May and June.
XPeng (NYSE: XPEV) had 1,500 insurance registrations last week, up from 870 the week before.
XPeng, similar to NIO, is facing a product switch, with potential consumers perhaps watching the upcoming launch of the new SUV G6.
It previously said the G6 would be officially launched and delivered by the end of the second quarter, with a price range of RMB 200,000 ($28,660) - RMB 300,000.
XPeng's monthly sales target for the G6 is two to three times that of the P7, its chairman and CEO He Xiaopeng said during a March 17 analyst call after the company announced its fourth-quarter earnings.
XPeng delivered 7,079 vehicles in April, down 21.36 percent from 9,002 a year ago but up 1.1 percent from 7,002 in March.
It will report first-quarter earnings on May 24, when it is expected to provide guidance on second-quarter deliveries.
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Continue reading Tesla shareholders grapple with 'life after Musk' succession planning
Tesla shareholders grapple with 'life after Musk' succession planning originally appeared on Autoblog on Tue, 16 May 2023 10:39:00 EDT. Please see our terms for use of feeds.
Permalink | Email this | CommentsThe potential expansion would give the Shanghai factory the capacity to produce 1.75 million powertrains per year, up from the current 1.25 million, according to Reuters.
(Image: Tesla China video screenshot.)
Tesla has applied for regulatory clearance to expand its Shanghai plant and to begin producing pouch-type battery cells for the first time, according to a Reuters report today.
The potential expansion would give the Shanghai factory the capacity to produce 1.75 million powertrain units a year, up from the current 1.25 million, the report said, citing an undated public notice.
It's not clear whether Tesla is committed to moving forward with the expansion or is simply seeking approval for potential, future capacity, the report noted.
Tesla is seeking permission to produce pouch battery cells, and a trial production line would have an initial annual capacity of 20,000 amp-hour cells, the equivalent of one Model Y battery pack, according to the report.
It's not clear how Tesla would use the pouch batteries, which it hasn't used in electric vehicles before, the report noted.
Tesla is also looking to ramp up production of cylindrical 4680 battery cells in China and has brought in new suppliers to reduce costs, according to the Reuters report.
Giga Shanghai is Tesla's largest plant in the world, producing the Model 3 and Model Y, with an annual capacity of about 1.1 million vehicles.
CATL is Tesla's power battery supplier in China, and has a factory near Giga Shanghai that makes battery packs for the EV maker.
Earlier today, Bloomberg cited people familiar with the matter as saying that Tesla is nearing the final stages before starting trial production of its revamped Model 3 sedan in Shanghai.
On April 9, Tesla signed a deal with Shanghai's Lingang authorities to build a new Megafactory in the area, which will be dedicated to Megapack, Tesla's energy storage product.
The Megafactory will be Tesla's first energy storage system factory outside of the US home market, with an initial planned annual production capacity of up to 10,000 commercial energy storage batteries and an energy storage scale of nearly 40 GWh, with products to be supplied to the global market.
The plant is scheduled to start construction in the third quarter of this year and go into operation in the second quarter of 2024.
It is not clear whether the pouch battery cells mentioned in the Reuters report are related to the Megafactory.
Tesla's revamped Model 3 nears final trial production in Shanghai, report says
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The revamped Model 3 is slightly longer and sportier than earlier versions and has a sleeker interior design, according to Bloomberg.
(Image credit: CnEVPost)
Tesla is nearing the final stages before starting trial production of its revamped Model 3 sedan in Shanghai, a Bloomberg report today said, citing people familiar with the matter.
The revised Model 3 is slightly longer, sportier and has a sleeker interior design than earlier versions, the people said, according to the report.
Since the beginning of this month, some production staff at Tesla's Shanghai plant have been asked to keep their phones in special lockers outside the factory's production line to prevent potential photo leaks, one of the people said.
Production lines in the first phase of the factory could be shut down for a few days at the end of the month for adjustments, though those plans could still change, the report said.
On March 1, Reuters reported that Tesla had been working to retool its Shanghai assembly plant for a revamped version of the Model 3, a project codenamed Highland by Tesla.
The Highland version of the Model 3 is expected to go into production in Shanghai in September, the Reuters report said, citing a person familiar with the matter.
With the Highland, Tesla aims to cut production costs and boost the appeal of the electric sedan, which debuts in 2017, people involved in the project said.
Appearance and powertrain performance will also be changed, with a focus on production efficiency, they said, according to the report.
Giga Shanghai is Tesla's largest plant in the world, producing the Model 3 and Model Y, with an annual capacity of about 1.1 million vehicles.
Tesla sold 75,842 China-made vehicles in April, including 35,886 units exported, according to the China Passenger Car Association (CPCA).
Model 3 sales in China in April were 13,196 units, up 2,290.58 percent from 552 units in the same month last year, but down 39.26 percent from 21,726 units in March.
Model Y sales in China in April were 26,760 units, up 2,687.50 percent from 960 units in the same month last year, but down 51.29 percent from 54,937 units in March.
This is due to the fact that Tesla's sales in China fell sharply last April due to the Covid lockdown in Shanghai, and its pattern of producing vehicles primarily for export in the first half of each monthly quarter.
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