The SCG won the bid to build Tesla’s Shanghai Gigafactory which took place in December 2018. On Thursday, China’s state-owned Shanghai Construction Group (SCG) is slated to build the first phase of Tesla’s Gigafactory in Shanghai, reported the Shanghai Observer. SCG’s vice-president, Xu Jiandong was quoted by the Shanghai Observer as saying it would fully…
The Model Y is an SUV that is 10% bigger than the Model 3, 10% more expensive than it and comes with the same battery pck configuration. In a significant development, Elon Musk, Tesla’ Inc’s CEO stated, the carmaker will unveil its Model Y on March 14 at an event in LA Design Studio. “Model…
Tesla faces the unenviable position of either raising prices at the risk of losing customers or slash prices by thousands of dollars per vehicle, with the electric vehicle tax break starting to being phase out from earlier this month. Just days after saying saying it would cut jobs, Tesla Inc said, it is reducing the…
Tesla is placing its supply chain in order as it gears up for production at its Shanghai Gigafactory. According to two sources with direct knowledge of the matter at hand, Tesla Inc has signed a preliminary agreement with Tianjin Lishen for supplying batteries for its Shanghai Gigafactory, as it plans to expand its battery sourcing…
Tesla’s Shanghai Gigafactory is of strategic importance to the electric carmaker given that Chinese authorities are aiming to have only EVs plying around in the country by 2030. On Monday, Tesla Inc’s CEO, Elon Musk stated, the electric carmaker will break ground for its Shanghai Gigafactory where it will commence the production of its mass…
Tesla’s Gigafactory in Shanghai will play a significant role as it battles a swatch of Chinese domestic rivals in the new age vehicle market. On Friday, U.S. electric carmaker Tesla Inc stated, it plans to start the delivery of its Model 3 sedan to customers in China in March 2019, thus cementing a time frame…
This strategic investment aligns multiple sweet spots: in a single stroke Elon Musk is increasing Tesla’s footprint in China, the world’s biggest auto market, boosting production capacity and export potential while facing Chinese EV startups head-on. In a development that marks Tesla’s latest attempt to boost its footprint in China, as per a local business…
Tesla’s CEO, Elon Musk tweeted, “If Tesla committed delivery & customer made good faith efforts to receive before year end, Tesla will cover the tax credit difference.” Luxury carmaker Tesla Inc has stated, it will reimburse customers if delays to car deliveries have caused them to miss out on a significant tax credit. In 2017,…
Tesla plans on localizing production in China, to beat trade war related worries, including import duties, for its vehicles. In a strategic development aimed at reducing the prices of Tesla’s vehicles, the luxury carmaker stated, it plans on producing nearly 3,000 Model 3s per week from its Shanghai plant during the initial phase of its…
The consortium, of more than 130 partners, is aimed at developing self-driving car technology for the Chinese market. The European Union’s biggest carmaker, Volkswagen AG, stated it would join China’s Apollo autonomous driving consortium so as to develop self-driving car technology in the world’s biggest car market. In 2017, Baidu created the Apollo consortium to…
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