Tesla

Tesla (Beijing) Co Ltd was recently fined 50,000 yuan ($7,220) by the Beijing Chaoyang District Market Supervision Administration.

With Tesla's rapid development in China, many believe that the Tesla supply chain is the next Apple chain, which will create a rapid take-off of suppliers. But an opinion piece in the official media Securities Times today says that in reality, this idea is too simplistic.

Tesla's revenue in China rose 102.9 percent year-on-year to $1.4 billion in the second quarter of this year, keeping China as its second-largest market after the United States, according to a filing with the U.S. Securities and Exchange Commission (SEC).

According to the latest new energy vehicle catalog released by China's Ministry of Industry and Information Technology (MIIT), 332 models, including two models produced by Tesla (Shanghai), have been included in the catalog.

Tesla's several price cuts in China had caused a lot of dissatisfaction among its car owners. Now, Chinese e-commerce platform Pinduoduo is helping it to further reduce its prices.

After the completion of the Shanghai Gigafactory, Tesla is becoming more and more localized in its marketing.

A total of 14,976 China-made Model 3s were registered in China in June, an increase of 32 percent over the same period of last year, according to autoinfo.org.cn. 

On June 27, Nio opened a Nio Space at Deyang Wanda Plaza, which is Nio's 127th offline store.

China-made Tesla Model 3 production in the first half of the year was 49,800 units, ranking first in China's pure electric passenger car, according to the data released by China Automotive Power Battery Industry Innovation Alliance.