Global EditionASIA 中文雙語Fran?ais
    Business
    Home / Business / Motoring

    Shanghai-built Tesla may reshape NEV market

    By Wang Junwei | chinadaily.com.cn | Updated: 2019-11-18 16:30
    Share
    Share - WeChat
    The Shanghai-built Tesla Model 3 with its brand name in Chinese characters on display in Shanghai, Nov 7, 2019. [Photo/VCG]

    The Shanghai-built Tesla Model 3, which starts at 355,800 yuan ($50,398) and is set to be available for large-scale delivery in the first quarter of 2020, is expected to reshape China's new energy car market, a report by Beijing Daily said Monday.

    "China is by far the largest market for mid-sized premium sedans," Tesla said in its quarterly financial statement recently, adding, "with Model 3 priced on par with gasoline powered mid-sized sedans, we believe China could become the biggest market for Model 3."

    According to Tesla's third-quarter earnings report, it produced 96,155 electric vehicles during the period, and delivered a record-high 97,000 units.

    On the other hand, China's new energy vehicles sector has seen plunge of sales for four consecutive months since the government cut subsidies in June, according to data from the China Association of Automobile Manufacturers.

    Total production and sales of new energy cars in October reached 95,000 units and 75,000 units respectively, down 35.4 percent and 45.6 percent, year-on-year, CAAM data showed.

    In the past four months, sales of new energy vehicles remained between 70,000 to 80,000 units, meaning extra sales have to surpass 300,000 units by the end of this year if the NEV market wants to meet last year's overall sales record, Beijing Daily reported.

    The picture also looks gloomy for domestic NEV companies. In October, Chinese car maker BYD sold 12,600 new energy vehicles, down 55 percent year-on-year, of which pure electric passenger car sales fell 41.5 percent to 7,588 units. For BJEV, sales in October registered at 8,601 units, a plummet of 69.2 percent year-on-year.

    Even so, Tesla, which relied on imports to China before its Shanghai plant, was not affected much by the subsidy cuts, the newspaper reported.

    Its new Shanghai Gigafactory was completed in just 10 months, and is now ready for production, which can help reduce costs by approximately 65 percent compared with the Model 3 production line in the US. It can also contribute a higher gross margin for the Model 3, according to the company's CEO Elon Musk.

    A higher-than-expected pricing of the Shanghai-built Model 3 will also win Tesla initiative in market competition after China's NEV subsidy policies are reshaped next year, analysts said in the report.

    China's counterparts may face adjustment in their prices after Tesla produces its models in Shanghai. Tesla has become an object for reference, not only in pricing, but also in the level of intelligence and convenience for the in-vehicle system, a practitioner at the new energy vehicle industry said.

    However, due to capacity constraints and the mid-to-high end market position, the locally-produced Tesla will not have a strong impact on the industry, and China's new energy car companies still have enough space for development and competition.

    "Short-endurance economy cars are a huge market. In the new round of competition, China's NEV producers need to find the right market position and their targeted consumers, and pay attention to brand development and establish public praise," said Su Hui, an official with the China Automobile Dealers Association in the report.

    Top
    BACK TO THE TOP
    English
    Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
    License for publishing multimedia online 0108263

    Registration Number: 130349
    FOLLOW US
    CLOSE
     
    亚洲AV无码成人精品区蜜桃| 亚洲AV中文无码乱人伦在线观看 | 一本加勒比HEZYO无码资源网| 久久久久亚洲精品无码网址| AV无码久久久久不卡蜜桃| 天堂а在线中文在线新版| 国产AV无码专区亚汌A√| 亚洲中文字幕无码日韩| 视频二区中文字幕| 亚洲国产av无码精品| 99热门精品一区二区三区无码| 亚洲AV永久无码区成人网站| 中文字幕不卡高清视频在线| 欧美日韩国产中文字幕| 亚洲?V无码成人精品区日韩| 国产精品xxxx国产喷水亚洲国产精品无码久久一区| 日韩中文字幕在线不卡| а中文在线天堂| 亚洲欧美日韩中文在线制服| 一本之道高清无码视频| 精品无码综合一区| 97无码免费人妻超级碰碰夜夜| 中文字幕无码精品亚洲资源网久久| 日韩欧美中文亚洲高清在线| 韩国中文字幕毛片| 亚洲AV无码一区二区大桥未久| 911国产免费无码专区| 国产爆乳无码视频在线观看| 久久久无码人妻精品无码| 无码A级毛片免费视频内谢| 亚洲AV无码专区国产乱码电影 | 亚洲va中文字幕无码久久不卡| 蜜桃AV无码免费看永久| 在人线AV无码免费高潮喷水| 韩日美无码精品无码| 亚洲成a人片在线观看无码| 无码人妻少妇久久中文字幕蜜桃 | 亚洲av中文无码乱人伦在线r▽| 亚洲精品无码久久久久久| 最近最好最新2019中文字幕免费| 欧美中文在线视频|