On June 5, U.S. time, at the Tesla Shareholders' Meeting, Tesla disclosed plans to build the first factory outside the United States in Shanghai, China, and is currently negotiating with the local government in Shanghai. The agreement will be reached as soon as next month. Announced.
Tesla at this time is in constant trouble. Obstacles to production capacity, large-scale cancellation of Model3, bankruptcy of Tesla, and loss of classes in Musk occurred in major media reports. Tesla was escalated from different levels at this general meeting of shareholders.
Tesla may wish to pass a positive and restore some confidence. This is good news, that is, announced the establishment of a factory in Shanghai, China. Tesla CEO Elon Musk said at the conference that, unlike Tesla’s US factory, Tesla’s new-generation factory, called Dreadnought, will produce both batteries and assembly vehicles. The early stage of the plant will focus on the production of Model S and Model X models. In the future, the Model 3 and entry-level Model Y will be the main products.
He also said that the company may launch the Model 3 leasing program in early 2019, when Tesla has already achieved the goal of producing 3,000 Model 3s per week and achieve profitability.
“The leasing service will have a negative impact on Tesla’s cash flow, so we will not provide Model 3 leasing services within 6 to 9 months. Loan financing is a better option anyway because of the bank’s surplus for new models. Values ​​are conservative estimates, but fortunately, the remaining value of Tesla Motors has always been good.†Musk said.
Building a plant is a booster for capital?
In fact, Tesla’s rumors of building factories in Shanghai began to be heard three years ago, but Tesla’s official response has not been received. Tesla has benefited from varying degrees of rumors each time. The capital market is generally optimistic about building a factory in China.
On June 22 last year, it was reported that Tesla had signed an agreement with the Shanghai Municipal Government to establish a factory in China, and Tesla would at least establish a joint venture with a local Shanghai company. On the same day, Tesla signed a seat with the Shanghai government. The photos flowed out at the same time, but they were later clarified "not true."
However, Musk has publicly expressed his strong interest in investing in factories in China. He believes that local production can eliminate tariffs and reduce transportation costs. It can reduce the price of Tesla electric vehicles in China by one-third.
Since then, almost every month there have been news of Tesla building a factory, and people once believed that in December 2017, Tesla will settle down in Shanghai factory. In just a few months, it has not been seen that it was building a factory movement. One of the major difficulties lies in the state's policy of setting up a factory solely funded by foreign companies.
However, not long afterwards, the Chinese government announced that it would expand the degree of opening up, reduce tariffs, and cancel restrictions on foreign investment in new energy vehicles. On April 17 this year, the National Development and Reform Commission announced the timetable for relaxing the restrictions on the proportion of foreign-invested shares in the auto industry. The ratio of foreign-invested shares in new energy vehicles will be cancelled this year. Previously, the government stipulated that foreign car companies could only exist through joint ventures, and the maximum shareholding ratio could not exceed 50%.
At the Tesla's first quarter earnings conference, Musk unexpectedly publicly stated: "Possibly next quarter, we will publish information on Tesla's super factory in China, at the latest, no later than this year. Quarter."
The favorable policies, the development trend of new energy vehicles and the improvement of the industry level have undoubtedly accelerated Tesla’s official admission. It was Tesla (Shanghai) Co., which was earlier than Tesla’s super factory in China. From the perspective of business scope, Tesla (Shanghai) only involved in technology development, electric vehicle import and export sales, and did not involve manufacturing. The Tesla confirmed to build a factory in Shanghai, and voluntarily disclosed the production of batteries and assembly vehicles.
In this regard, Scarlett's CEO Shen Haixuan once said that Tesla could build a factory in China from two angles. “First, China is the world’s largest electric car market, and the future must be Tesla’s challenge. From this perspective, it is reasonable and sooner or later that it enters the Chinese market. Second, Tesla has been seeking sole proprietorship to build a factory in China. Now that China’s policy has been liberalized, such a company has emerged. I think it was expected."
In China, the world’s largest automotive manufacturing base, Tesla has sold 14883 electric vehicles last year alone. Its sales in China reach US$ 2.207 billion. The number of super charging stations set up has exceeded 1,000, and the destination charging station has been 2000. One.
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