In December 2019, Tesla was granted a $1.4 billion loan from Chinese banks for Giga Shanghai. The five-year loan was partially used to roll over previous debts. The rest of the money would go towards Giga Shanghai and Tesla China’s operations. The interest rate was pegged at 90% of China’s … [continued]
Tesla’s new V3 Supercharger factory in Shanghai is now operational.
Tesla’s Giga Shanghai reached a milestone earlier this month. It now has an annualized vehicle production rate of 450,000 Models Y and 3 vehicles. Well known tweeter @Ray4Tesla shared some details and noted that it’s reasonable to assume the rate may grow to 500,000 as production continues to ramp up … [continued]
Welcome to China × Cleantech — May 2021 edition. Our China x Cleantech series covers top cleantech stories in China each month. EV Sales 10% Plugin Vehicle Share In China! On the 26th of May, José Pontes reported on the sales numbers of the Chinese EV market in April of 2021. April … [continued]
Recent filings reveal that electronics giant Panasonic sold its stake in Tesla at the end of its fiscal year (March) for a whopping 400 billion yen. For those of you who like your news in ‘Murican, that’s more than a US$3.6 billion haul for the Japanese firm. A spokesperson for … [continued]
In its quest to be the largest battery manufacturer in the world, CATL will build an 80 GWh battery factory in Shanghai.
Snow Bull Capital, a Boston-based hedge fund that invests in the green tech space, has developed a massive database that tracks the job postings of different companies. One of those companies is Tesla. Normally, Snow Bull keeps this information proprietary, but due to the fact that Tesla’s hiring sprees are … [continued]
Originally posted on EVANNEX. by Charles Morris Auto industry analysts disagree about the timeline for the electrification of the world’s transport system, but there’s one thing they all agree on: China has pulled far ahead of the US. A recent article in The Atlantic by Michael Schuman, the author of several books about … [continued]
Kelvin Yang has shared a photo on Twitter that may be of particular interest to Tesla/EV followers. He noted that Shanghai’s city planning office has a city model that reveals land that is reserved for Tesla Giga Shanghai. He also shared an article with more info. City planning model reveals … [continued]
Originally posted on EVANNEX. by Charles Morris Around the time Tesla announced plans to build the Shanghai Gigafactory, China’s government rolled out the red carpet. Relaxed regulations on foreign ownership, expedited building permits, even an offer of a residence permit — nothing was too good for Elon Musk and his team. … [continued]
