Tesla

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

From January to March, Tesla Model Y retail sales in China were 94,647 units, second only to BYD Song's 141,415 units.

Tesla's share of the NEV market in China was 14.12 percent in March and 20.02 percent in the BEV market.

The Megafactory is planned to initially produce up to 10,000 units of commercial energy storage batteries per year, with an energy storage scale of nearly 40 GWh, and the product will be available to the global markets.

Zhu, 43, has been officially named senior vice president of Tesla's automotive business.

In the first quarter, Tesla sold 229,322 China-made vehicles, contributing 54 percent of its global deliveries in the quarter.

Tesla will soon begin large-scale testing of FSD (Full Self-Driving) in China, according to a report by Caixin on April 3.

Tesla's lower-priced model will be a smaller version of the Model Y, and the EV maker is building a capacity plan for it of up to 4 million units a year, a new report said.

CyberVault is compatible with the entire Tesla model lineup, with a maximum charging current of 32 A and a maximum power of 7 kW.

Tesla's first-quarter deliveries were higher than BYD's 264,647 passenger BEVs, but lower than the latter's 552,076 NEVs, including PHEVs.