Tesla will build a super battery plant in China to manufacture batteries and small-scale crossover vehicles. Model Y According to foreign media reports, Tesla CEO Elon Musk reported on Wednesday’s earnings call. The company said that it plans to announce the site of the Chinese factory as soon as it is available in the third quarter of this year, preparing to manufacture batteries and a small crossover vehicle ModelY in China.
"ModelY may be launched next quarter, but not later than the fourth quarter," Musk said in a conference call. "We will also soon announce the location of Tesla's China Super Battery Factory."
After the Chinese government announced last month the lifting of the upper limit on the foreign investor's shareholding in the electric vehicle and mixed-sports vehicles, Tesla began to consider building a manufacturing plant in China. Musk stated that Tesla’s future factory will produce batteries and assemble electric vehicles. Tesla currently owns an electric vehicle manufacturing facility in California, and a super battery plant in Nevada.
Musk also said in a conference call that Robin Ren, vice president of the company's Asia-Pacific region, will replace Jon McNeill, who has left, as president of company sales and services. McNeal jumped from Tesla early this year to online dating company Lyft. Musk stressed in particular: "Ren Yuxiang is currently responsible for Tesla's global sales business. He was born and raised in China."
Musk had previously stated that Tesla will manufacture Model3 and ModelY electric vehicles in China in the future, but will not manufacture ModelS and ModelX, which are sold at high prices. He said in November last year that Tesla had been manufacturing electric cars in China for about three years.
Tesla sold 14,883 electric vehicles in the Chinese market last year. It has a 3% share of the electric vehicle market in China, ranking tenth in the market. According to data obtained by Bloomberg, revenue from the Chinese market in 2017 accounted for approximately 17% of Tesla’s total revenue.
Tesla’s financial report for the first quarter of fiscal year 2018 on Wednesday showed that the company’s first-quarter revenue was 3.409 billion US dollars, higher than the 2.696 billion US dollars in the same period of last year; the net loss was 785 million US dollars, a net loss of 3.72 from the same period of last year. The increase in billions of U.S. dollars has been compared; the net loss attributable to common shareholders was US$710 million, which also increased compared to the net loss of 330 million U.S. shareholders attributable to ordinary shareholders in the same period of last year.
Tesla manufactured 24,728 ModelS and X, and 9,766 Model3 in the first quarter; delivered 21,815 Models and X, and 8,182 Model3s, and electric vehicles delivered a total of 29,997 vehicles. As of the end of the first quarter, the total volume of unsold Model3 orders still exceeded 450,000. Model3 has reached 2,270 units in April this year and has exceeded 2000 units for the third consecutive week.
Tesla also expects that Model3 will have a capacity of approximately 5,000 units in the next 2 months; ModelS and X will deliver the same volume as the first quarter, but it will start to grow substantially in the third quarter, eventually achieving 100,000 for the full year. The goal of the vehicle.
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