Tesla
Facelifted Tesla Model Y sees expected delivery date in China moved up to later this month from Mar
The facelifted Model Y has entered a catalog of models eligible for purchase tax reductions in China, completing the full regulatory process.
Tesla sells 33,703 cars in China in Jan, exports 29,535 from Shanghai plant
- Tesla's January retail sales within China were 15.49 percent lower year-on-year and 59.36 percent lower than in December.
- The lower sales were partly due to disruptions caused by the Chinese New Year holiday.
China EV insurance registrations by brand for week ending Feb 9: Nio 1,100, Tesla 6,200, Xiaomi 4,400, BYD 28,900
- Xpeng was at 3,400 units, Li Auto 4,700, Zeekr 2,400, Leapmotor 2,700, and Aito 1,100.
- The lower numbers persisted because of the disruption caused by the January 28-February 4 Chinese New Year holiday.
Tesla Shanghai Megafactory officially starts production
- Tesla began construction of the Shanghai Megafactory on May 23, 2024, its first energy storage project outside of the US.
- The Megafactory will begin capacity ramp-up in the first quarter and is expected to help Tesla improve its supply of energy storage products.
Tesla China sells 63,238 cars in Jan, down 33% from Dec
Tesla China's sales in January, including exports, were down 11.49 percent from 71,447 a year ago and down 32.56 percent from 93,766 in December.
China EV insurance registrations for 2 weeks ending Feb 2: Nio 3,300, Onvo 2,480, Tesla 13,400, BYD 68,100
- Xpeng was at 11,100 units, Li Auto 11,000, Xiaomi 8,500, Zeekr 4,500, Leapmotor 9,500 and Aito 7,700.
- Industrial production in China was disrupted by the Chinese New Year holiday from January 28 to February 4.
Tesla Megafactory in Shanghai to officially start production on Feb 11
Tesla plans to hold a ceremony on February 11 for the start of production at its Shanghai Megafactory, which will begin capacity ramp-up in the first quarter.
Tesla offers insurance subsidy for Model 3 in China, firing 1st shot in renewed price war
Tesla is offering RMB 8,000 ($1,100) in insurance subsidy for the Model 3, restarting a promotional tool it has used many times previously on the first working day of the Year of the Snake in the Chinese lunar calendar.
Tesla Q4 earnings miss as incentives more intense than expected
- The auto business was the main reason for Tesla's weaker-than-expected results, as incentives were more aggressive than expected.
- Gross margin in the fourth quarter was 16.3 percent, about half of what they were in the first quarter of 2022.
Tesla's facelifted Model Y exceeds 70,000 orders in China in 5 days after launch, report says
- The facelifted Model Y has been better accepted than the facelifted Model 3 in China, according to local media.
- Show cars of the facelifted Model Y have been gradually shipped to Tesla's showrooms in China.