ICYMI: Tesla will begin delivering Model 3 sedans from its newly built Gigafactory in Shanghai, China, to domestic consumers in the next six to ten months:
This is an excerpt from a story delivered exclusively to Business Insider Intelligence Transportation & Logistics Briefing subscribers.Tesla, the US-based electric vehicle maker, will begin delivering Model 3 sedans from its newly built Gigafactory in Shanghai, China, to domestic consumers in the next six to ten months, according to The Wall Street Journal .
This will let it take advantage of China's favorable EV regulations, which include a consumer subsidy that is expected to be cut in 2020. If the subsidy enables Tesla to drop its prices even further, the company could carve out a stronger position in the highly lucrative Chinese market. The market has been off to a positive start in 2019, with 254,000 EVs sold in Q1 2019, a 118% year-over-year jump from the 117,000 sold in Q1 2018. Ultimately, China is expected to maintain its market-leading position for the foreseeable future, as annual EV sales are expected to reach nearly 5.5 million units in 2025.Tesla will struggle to become a market leader in China, but it won't matter for the company's long-term growth.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
It's still too early to tell if Tesla's Model 3 will be its ultimate answer to profits, experts sayTesla has sold a lot of Model 3s so far, but there are questions about long-term demand and competition.
Weiterlesen »
Economists: The Fed 'isn't enough' to offset damage of tariff skirmishes with China and MexicoA dovish Federal Reserve can use tools such as rate cuts to lessen the damage of America's tariff skirmishes with China and Mexico, but it is either limited in its effectiveness or in its motivations, economists said.
Weiterlesen »
China says list of 'unreliable' foreign firms coming soonChina's Commerce Ministry will release a list of 'unreliable' foreign companies in the near future, in a move widely seen as a response to U.S. decision to put Huawei Technologies on a blacklist.
Weiterlesen »
Trump still threatening tariffs on Mexico -- and more on ChinaPresident Trump says he believes the US holds all the cards in the trade war. But former US Commerce Secretary Carlos Gutierrez disagrees. 'Both sides lose. Both sides lose jobs. Both sides lose companies.'
Weiterlesen »
China's 'mini-Lehman' moment to spur smaller bank consolidationChina is set to see consolidation among its smaller banks after a rare governmen...
Weiterlesen »