Category: Tesla

Tesla prices: Here’s how Model 3 and Model Y compare in China vs other markets

Tesla recently lowered the prices of its Model 3 sedan and Model Y crossover in several markets around the world, raising concerns about whether it will do the same in the Chinese mainland.

Tesla prices: Here's how Model 3 and Model Y compare in China vs other markets-CnEVPost

Tesla (NASDAQ: TSLA) recently lowered the prices of its Model 3 sedan and Model Y crossover in several markets around the world, raising concerns about whether it do the same in the Chinese mainland.

Grace Tao, Tesla's vice president of external affairs, shared several charts on Weibo Friday showing that all versions of the Model 3 and Model Y available in the Chinese mainland are priced lower than in all other markets.

Tao shared the charts without any comment. Whether Tesla will continue to cut prices in the Chinese mainland will be something to watch in the coming days.

Chinese car companies are currently busy preparing for the Shanghai auto show, which will begin on April 18 and run through April 27. The organizers of the show have released a booth map that shows Tesla will be absent.

The low prices enjoyed by consumers in the Chinese mainland are apparently due to the local production of the Tesla Model 3 and Model Y.

On August 15 last year, Tao said that 99.9 percent of the team at Tesla's Shanghai factory was made up of Chinese and that the supply chain was more than 95 percent localized.

Tesla's factory in Shanghai currently produces only the Model 3 as well as the Model Y. The plant not only supplies locally, but is also an export center for Tesla.

The Model 3 is currently offered in two versions in the Chinese mainland -- the entry-level rear-wheel drive version and the dual-motor all-wheel drive Model 3 Performance.

The Model Y is available in three versions in the Chinese mainland -- the entry-level rear-wheel drive Model Y, the dual-motor all-wheel drive Model Y Long Range, and the dual-motor all-wheel drive Model Y Performance.

Here are more charts created by CnEVPost based on images shared by Tao yesterday.

Tesla prices: Here's how Model 3 and Model Y compare in China vs other markets-CnEVPost

Tesla prices: Here's how Model 3 and Model Y compare in China vs other markets-CnEVPost

Tesla prices: Here's how Model 3 and Model Y compare in China vs other markets-CnEVPost

Tesla prices: Here's how Model 3 and Model Y compare in China vs other markets-CnEVPost

Tesla Model Y best-selling SUV in China in Mar with 54,937 units sold

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Tesla sets up new-energy firm in Shanghai with registered capital of $2 million

The company's business scope includes energy stge technology services and solar power technology services, and may be the operating entity for 's energy storage business in China.

(Image credit: CnEVPost)

Tesla has registered a new company in Shanghai that will perhaps be the operating entity for its energy storage business in China.

The company, called Tesla (Shanghai) New Energy Co Ltd, was established on April 13 with a registered capital of $2 million, according to data provider Tianyancha.

The company's registered address is at Lingang area in Shanghai's Pudong New Area, and its legal representative is Wang Hao, with Tom Zhu, who was named senior vice president of Tesla's automotive business earlier this month, as chairman.

Wang joined Tesla at the beginning of its entry into China in April 2014 as head of the destination charging program in China. He became vice president of Tesla China in January 2018 and began his role as general manager of Tesla China in August 2019.

Tesla's business scope for this new-energy company includes energy storage technology services, solar power technology services, automotive parts research and development, and import and export of goods.

The information hints that the company may be the operating entity for Tesla's energy storage business in China.

On April 9, Tesla signed a contract with Shanghai's Lingang authorities to build a new Megafactory in the area, which will be dedicated to the production of Tesla's energy storage product Megapack.

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.

Tesla's factory in China is located in Lingang area, which began operations at the end of 2019 and has now become Tesla's largest EV production base in the world.

Tesla to build new Megafactory in Shanghai to produce Megapack energy storage system

The post Tesla sets up new-energy firm in Shanghai with registered capital of $2 million appeared first on CnEVPost.

For more articles, please visit CnEVPost.

Tesla sets up new-energy firm in Shanghai with registered capital of $2 million

The company's business scope includes energy stge technology services and solar power technology services, and may be the operating entity for 's energy storage business in China.

(Image credit: CnEVPost)

Tesla has registered a new company in Shanghai that will perhaps be the operating entity for its energy storage business in China.

The company, called Tesla (Shanghai) New Energy Co Ltd, was established on April 13 with a registered capital of $2 million, according to data provider Tianyancha.

The company's registered address is at Lingang area in Shanghai's Pudong New Area, and its legal representative is Wang Hao, with Tom Zhu, who was named senior vice president of Tesla's automotive business earlier this month, as chairman.

Wang joined Tesla at the beginning of its entry into China in April 2014 as head of the destination charging program in China. He became vice president of Tesla China in January 2018 and began his role as general manager of Tesla China in August 2019.

Tesla's business scope for this new-energy company includes energy storage technology services, solar power technology services, automotive parts research and development, and import and export of goods.

The information hints that the company may be the operating entity for Tesla's energy storage business in China.

On April 9, Tesla signed a contract with Shanghai's Lingang authorities to build a new Megafactory in the area, which will be dedicated to the production of Tesla's energy storage product Megapack.

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.

Tesla's factory in China is located in Lingang area, which began operations at the end of 2019 and has now become Tesla's largest EV production base in the world.

Tesla to build new Megafactory in Shanghai to produce Megapack energy storage system

The post Tesla sets up new-energy firm in Shanghai with registered capital of $2 million appeared first on CnEVPost.

For more articles, please visit CnEVPost.

Insurance registrations for week ending Apr 9: Tesla 6,973, Li Auto 4,177, NIO 1,316

Starting this week, insurance registration data will no longer be available, with Li Auto's sharing a surprise exception.

The major sources that provide insurance registration data for China's auto industry have stopped sharing the data, but Li Auto (NASDAQ: LI) has shared content that allows us to still have access to some of the data.

For the week of April 3 to April 9, Li Auto sold 4,177 units, far outpacing other new car brands and again becoming the weekly sales leader for new brands in the Chinese market, the automaker said yesterday on Weibo.

Li Auto didn't specify what the sales figure was based on, though they were apparently insurance registrations. Previously, we had access to those numbers every Tuesday, and Li Auto's practice for the past two weeks has been to share some of them on Wednesdays.

The tables shared by the extended-range electric vehicle (EREV) maker show that NIO (NYSE: NIO) vehicles had 1,316 insurance registrations last week, and (NYSE: XPEV) had 904.

Neta vehicles had 1,526 insurance registrations last week, Zeekr had 1,476 and Leapmotor had 1,157.

Li Auto's tables also provided insurance registrations for vehicles from luxury brands in China last week, with Mercedes-Benz in the top spot with 14,817, BMW in second with 13,506, and Audi in third with 10,573.

Tesla came in fourth with 6,973 units and Li Auto in fifth. Lexus was No. 9 with 1,493 units, and NIO was No. 10.

The vendor that provided us with the data said they will not be able to continue to provide such data, saying it was the decision of the data source.

The bloggers who previously shared the data on Weibo have also stopped sharing such data.

China NEV insurance registrations for week ending April 2: BYD 46,218, Tesla 14,275, NIO 2,730

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