The Tesla Model 3 is blitzing China with a full-frontal assault that has boatloads of vehicles arriving every couple of days in a push to maximize the number of vehicles shipped to the country before Trump throws another hissy and restarts the trade war.
China is charging full speed ahead into electric vehicles, on track to sell over 2 million EVs this year, up from 1.1 million in 2018. The rapid growth has been driven partly by policy, but increasingly by consumer demand. In part two of this three-part series (check out part one if you missed it), we’re going to look at the demand side of the EV transition in China. Why are Chinese consumers queuing up for EVs?
China is charging full speed ahead into electric vehicles, on track to sell over 2 million EVs this year, from 1.1 million in 2018. The rapid growth has been driven partly by policy, but increasingly by consumer demand. A rising proportion of Chinese consumers simply prefer electric vehicles to traditional combustion vehicles, viewing them as a new and superior technology, and better value. With EVs continuously improving and getting more affordable, there’s a clear path to EVs taking 50% of market share in China by 2025.
Welcome to the next edition of China × Cleantech. A new year has come and the news keeps flowing. In order to aggregate and summarize the highlights for you, we publish this China × Cleantech feature on CleanTechnica.com and over on the “Future Trends” section of our website.
The breakneck pace of work at Tesla’s Shanghai Gigafactory continues with the announcement that the company has started an energy conservation assessment in cooperation with several governmental agencies.
On its Q4 2018 earnings call last night, Tesla confirmed that the Model Y will be the first vehicle it will build at its Gigafactory 1 in Sparks, Nevada. In parallel, it plans to build the crossover (CUV) at its new Gigafactory 3 in Shanghai, China.
Tesla’s 4th quarter 2018 conference call just launched. You can listen below. We will also update this post repeatedly as we jot down highlights.
Editor’s note: Aside from the useful article below, we have breaking news out of China that Shanghai Gigafactory construction is speeding up. We’ll start with that news:
Elon is in Shanghai this week for the groundbreaking ceremony at the new Gigafactory 3. He says the facility should being producing Model 3s for Chinese customers by the end of this year, and that the next Tesla CEO could come from China.
I don’t recall if Elon Musk said this before or if I’ve just had the hunch for months — I think the latter — but another piece of breaking news this evening is that Tesla is aiming to start Model 3 production in China by the end of the year.
