Why Do 80% Chinese Electric Vehicle Buyers Go Tesla? 2020 (910)
China Electric Vehicle Buyers are choosing Tesla at 80% like the rest of the world why? The Chinese government help as many as 500 ev companies to start in the last five years. With about 50 still going one would expect there to be little room for Tesla but the opposite is the case. The biggest issue is value retention over time and we explore why Tesla enjoys 70% value retention after 1 year and 60 % over a three year period. Toyota success at retention is what Tesla is now enjoying.\n\nplease support on patreon\nhttps://www.patreon.com/teslaadvisor?alert=2 is patreon link\n\npaypal [email protected] \nthanks for support\n\nreferral code for 1000 miles of free supercharging or 100 off solar.\nhttps://bit.ly/damian-tesla-referral\nall content is authorized for youtube only. all other rebroadcast without permission is prohibited.\n\nemail\[email protected]\nteslafaninsight on facebook
Chinese authorities give the go-ahead for the production of Tesla electric vehicles
China’s Ministry of Industry said Tesla Inc was included on the government’s list of approved car manufacturers because it provided the electric vehicle manufacturer with the certification it needs to start production in the country..
The list was published by the Ministry of Industry and Information Technology.
It means that «Tesla Gets Green Light To Start Production In China», – said Yale Zhang, head of the Shanghai Consulting Company Automotive Foresight. He also noted that Tesla could start production at any time..
The company is building its first overseas auto plant at a cost of $ 2 billion and located in the east of the country in Shanghai..
Tesla plans to start production at its factory in China this month. Until it is unclear if the year-end targets will be met due to uncertainties about orders, labor and suppliers.
Tesla aims to produce at least 1,000 Model 3s per week at its Shanghai plant by the end of this year as it seeks to boost sales in the world’s largest auto market and avoid higher import tariffs on U.S. cars..
It is the first fully foreign-owned car factory in China, which also reflects Beijing’s wider shift in opening up its car market..
Shanghai authorities offered Tesla assistance to speed up construction, and on August 30, China exempted Tesla products from paying a 10% tax on consumer car purchases.