Tesla makes expected price cut of China-made Model 3
Tesla today announced on Weibo that the price of the China-made Model 3 standard-range will be adjusted to 291,800 yuan from now on.
Tesla has begun construction of Model Y production facility in Shanghai
Tesla's earnings report released today shows that their Gigafactory in Shanghai has begun construction of a facility to produce the Model Y, a cross-border sport utility vehicle.
Tesla says hardware of China-made Model 3 won't be downgraded after price cut
In response to whether the hardware of the China-made Model 3 standard range will be reduced after price cut, Tesla China said in that the specifications will remain unchanged.
Tesla: Shanghai plant's gross margins close to those of US-made Model 3s
Following the release of its first quarter 2020 earnings report today, Tesla said that 2020 was the first time in its history that Tesla achieved a positive GAAP net profit in a routinely weak first quarter.
Can Tesla maintain profits in China as Model 3 price cuts loom?
China's 2020 new energy vehicle subsidy policy has recently been introduced, making expectations for Model 3 price cuts rise recently. Today's Tesla announcement makes the expectations a reality.
Tesla says China-made Model 3 price will drop to under 300,000 yuan
Tesla announced on April 30 that it would reduce the price of the standard range the China-made Model 3 to be able to continue to receive government subsidies.
Nio President: Strategic investors are buying into Nio's future
"The company is much happier today than it was when it first started, people don't even know who you are when you talk to them about working together. There will be plenty of difficulties next, but development will be more assured," Nio's President Qin Lihong told several Chinese media outlets after the finalizing of Nio's financing.
Chinese auto market shows signs of V-shaped reversal
In the fourth week of April (April 20-25), China's passenger car market daily average retail sales reached 48,700 units, up 12% year-on-year, data from the China Passenger Car Association (CPCA) showed.
Tesla eyes price cuts for China-made Model 3 to qualify for new subsidies, BBG says
Tesla is considering cutting prices of some of its cars in China for a second time this year so they will continue to qualify for government rebates on electric vehicles that are being tightened, Bloomberg reported on Wednesday citing people familiar with the matter.
Tesla promotes its cars in the most fashionable way in China
On April 28 at 3pm, Tesla stared its 7th Taobao live broadcast event, where Wei Ya, a Chinese celebrity sales anchor on the Taobao platform, was invited.