It Looks Like Tesla Paid Off Its $1.4 Billion China Loan Agreement For Giga Shanghai Early

Credit to Author: Johnna Crider| Date: Tue, 05 Oct 2021 17:27:31 +0000

In December 2019, Tesla was granted a $1.4 billion loan from Chinese banks for Giga Shanghai. The five-year loan was partially used to roll over previous debts. The rest of the money would go towards Giga Shanghai and Tesla China’s operations. The interest rate was pegged at 90% of China’s one-year benchmark interest rate. And […]

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Inside Tesla’s Largest Delivery Center In Asia

Credit to Author: Johnna Crider| Date: Thu, 16 Sep 2021 16:54:40 +0000

Twitter user @JayInShanghai has shared an exclusive look inside Tesla’s largest delivery center in Asia — probably Tesla’s largest delivery center in the world. Jay pointed out that Tesla has been in China for a total of eight years now and that it’s been eight years of constant hard work. The video appears to be […]

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Tesla China Just Opened Asia’s Largest Tesla Delivery Center

Credit to Author: Johnna Crider| Date: Thu, 09 Sep 2021 16:44:43 +0000

Tesla China officially opened Asia’s largest single Tesla delivery center today. The news comes from Jay in Shanghai, a great source for breaking Tesla news out of China, who shared photos of the new delivery center. Jay also shared just how large this delivery center is — 11,800 square meters, with 101 parking spaces dedicated […]

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Chinese Media: Tesla Sales Expected To Grow; US Media: Tesla Sees “Steep Sales Decline” In China

Credit to Author: Johnna Crider| Date: Wed, 11 Aug 2021 22:25:07 +0000

A couple of days after the U.S. media claimed that Tesla was having a steep sales decline in China, losing ground there, The Global Times, which is a newspaper under the auspices of the nation’s People’s Daily newspaper, said the opposite. Notably, this particular article foresees Tesla growing its sales over the course of the […]

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1st Month Of Quarter Sales In, Time For Misleading Fear-Mongering Headlines About Tesla Demand In China

Credit to Author: Johnna Crider| Date: Wed, 11 Aug 2021 03:33:33 +0000

CNN reported today that Tesla’s sales have “cratered” in China. Other outlets reported the info in a similar way. Yes, Tesla’s domestic sales in China were low compared to last month. This is completely normal for Tesla because of its shipment and delivery process. The first month of the quarter sees lower sales and the […]

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What Would A US–China War Mean For Tesla?

Credit to Author: Jennifer Sensiba| Date: Mon, 26 Jul 2021 20:10:52 +0000

When I was in college, I spent some time in Taiwan doing volunteer work. It was a neat experience to get to know a culture very different from the American and Mexican cultures I grew up with, but car enthusiast me noticed a lot of familiar things. For one, there was a Ford testing facility […]

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LG Energy Solution Is Feeling The Tesla Effect Thanks To Made-In-China Model Y Sales

Credit to Author: Johnna Crider| Date: Thu, 22 Jul 2021 23:04:02 +0000

LG Energy Solutions is feeling the “Tesla effect” thanks to Tesla’s success with its made-in-China Model Y sales. The Tesla Model Y enabled LG Energy Solutions to dethrone CATL as the world’s top battery vendor. Many factors enabled LG to make this accomplishment, but one key factor was the strong demand and increasing momentum of […]

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Could Ford’s Mustang Mach-E Reservation Holders In China Be Cancelling & Switching To Tesla’s New, Lower-Priced Model Y?

Credit to Author: Johnna Crider| Date: Thu, 15 Jul 2021 00:00:16 +0000

I saw an interesting post from Ray4Tesla last week. Ray pointed out that a WeChat group of Mach-E reservation holders changed the group’s profile name to Model Y as soon as Tesla introduced the new Standard Range RWD variant. “The whole group switched their Mach-E reservations to [Model Y],” Ray tweeted. This led him to […]

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Reports Of Tesla’s Demise In China Are Much Exaggerated

Credit to Author: Johnna Crider| Date: Sat, 10 Jul 2021 22:00:56 +0000

A few media articles were hinting that Tesla wasn’t doing so well in China. One in particular by Bloomberg mentioned a “fall from grace in China.” The article quoted Bill Russo, a former Chrysler executive who is currently the chief executive officer of Automobility Ltd. Russo said that Tesla’s experience is “a warning shot that […]

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China × Cleantech — May 2021

Credit to Author: Tim Dixon| Date: Tue, 06 Jul 2021 23:18:38 +0000

Welcome to China × Cleantech — May 2021 edition. Our China x Cleantech series covers top cleantech stories in China each month. EV Sales 10% Plugin Vehicle Share In China! On the 26th of May, José Pontes reported on the sales numbers of the Chinese EV market in April of 2021. April was a great month, with […]

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