• Who is supporting Tesla Plan of Cutting Price of China-Built Cars in 2020?

    On January 7th, 2020, Tesla had already begun bulk delivery of the Chinese-made model 3 with the annoucement of around 32,000.00 yuan(6000$) price cut for the home-made model which start  start at 355,800 yuan ($50,800). Needleess to say,  the move will lure buyers as the world’s biggest electric-vehicle market slows. Tesla Model 3 is very promising to be a most popular new energy model in China. Tesla aims to lower costs by using more local components, allowing it to import fewer parts and avoid tariffs. On a home-made Model 3 delivery conference a chief executive said that the current localization rate for off-line automotive component is 30% currently, and it is expected to reach 70% in the middle of the year and 100%t by the end of the year, laying the foundation for continued cost down. Also this strategy brings a lot of opportunities to domestic upstream and downstream vehicles part suppliers.   The cut is widely predicted as just a start…

    Industry news January 31, 2020


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