Tesla’s Newest Chinese-Made Model Y Begins Deliveries
China recently added another Chinese-made-and-sold Tesla to its stable, rolling out the Model Y electric SUV.
The vehicle has now begun deliveries in the country, with Tesla’s Shanghai Gigafactory, which Tesla founder Elon Musk calls a “template for future growth,” producing the cars.
The company’s Shanghai factory is already proving to exceed capacity expectations; it had set a goal of 250,000 cars a year when it opened in 2019 before quickly increasing that figure to 500,000. China also has consistent rules about foreign manufacturers having to partner with Chinese auto manufacturers to get infrastructure, though Tesla became the first factory allowed in the country without a Chinese partner.
In a CNN report, analysts from Wedbush are quoted as saying, “By 2022, we believe [more than 40%] of Tesla’s overall delivery sales could come from China, as this remains the main growth region going forward, followed by Europe, then the U.S.”
The company now plans to use Chinese infrastructure at a global scale, exporting Chinese-made Tesla’s to Europe.
In this MarketScale Industry Update, hosts Daniel Litwin and Tyler Kern explore China’s dominance as an auto manufacturer and EV consumer market, how Tesla’s moves in China could lead to more global expansion from other EV OEMs, how the U.S. fits into the picture, and more.
Follow us on social media for the latest updates in B2B!
Twitter – @MarketScale
Facebook – facebook.com/marketscale
LinkedIn – linkedin.com/company/marketscale
Latest
The Potential of COW Water Reuse in Dairy Industry Shows Promise for System Management and Plant Maintenance
For the latest episode of ChemAqua’s Water Solutions podcast, the focus was on an innovative approach to water conservation in the dairy industry. The show examined the potential of reusing Condensate of Whey (COW) water, a byproduct of dairy processing, and highlighted some of its economic and environmental benefits. Hosted by Dani Waddell, the informative […]
Best Practices for Implementing Venue Management Software into FECs
The implementation of venue management software is a pivotal step for businesses in the entertainment and leisure industry. Kalyn New from Roller Software shared her expertise on this subject in a soundbite from the International Association of Amusement Parks and Attractions Expo (IAAPA). Her insights focus on two main aspects: scalability and integration. New underscores […]
Closing the Loop: Our Sustainable Commitment to Circular Economy
This video focuses on EcoLOK4, a groundbreaking product by CONTROLTEK that exemplifies innovation in sustainability. It highlights the process of transforming landfill waste into new deposit bags, with 90% of each bag’s material being repurposed trash. This initiative not only reduces waste but also closes the sustainability loop, demonstrating CONTROLTEK’s commitment to environmentally friendly […]
