April 1st is when the HK incentives changed. I would think Q1 will be much higher in HK in terms of sales than Q2. China is kind of an unknown until it completes. Tesla is under scrutiny in Hong Kong for possibly taking advantage of tax exemption on ~500 cars ahead of phaseout
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April 1st is when the HK incentives changed. I would think Q1 will be much higher in HK in terms of sales than Q2. China is kind of an unknown until it completes. Tesla is under scrutiny in Hong Kong for possibly taking advantage of tax exemption on ~500 cars ahead of phaseout
Zero registered - I wasn't expecting that!
But it's not unlike Denmark where only 7 Teslas have been registered in the first 5 months of this year.
Uncle Paul
Well-Known Member
Tesla will send vehicle to places where they are wanted.
If one place raises the prices to their consumers via taxes, they will simply beging to ship to the next location where the vehicles have a competitive advantage. Good business, and cleaning up the environment in one country is just as valuable as cleaning up the environment somewhere else where the government does not care so much.
If one place raises the prices to their consumers via taxes, they will simply beging to ship to the next location where the vehicles have a competitive advantage. Good business, and cleaning up the environment in one country is just as valuable as cleaning up the environment somewhere else where the government does not care so much.
Even if the status quo persists in Hong Kong and Denmark, I predict that Tesla sales will eventually rise to at least a moderate level. The removal of incentives pulled a bunch of demand forward. New demand will materialize, just at a lower level since those new buyers will have to pay higher prices.
Mark, the one thing about March was they were able to do something that led to this particular article.
In terms of numbers, some estimate it was far more than 500.
Tesla is under scrutiny in Hong Kong for possibly taking advantage of tax exemption on ~500 cars ahead of phaseout
The taxation issue was for "First registrations". Didn't mean it had to be individual registrations, as long as they were "bought" by an entity.
In terms of numbers, some estimate it was far more than 500.
Tesla is under scrutiny in Hong Kong for possibly taking advantage of tax exemption on ~500 cars ahead of phaseout
The taxation issue was for "First registrations". Didn't mean it had to be individual registrations, as long as they were "bought" by an entity.
Can't tell from the article exactly what it applies to (I really wish I knew Chinese). But it looks like auto manufacturing is still restricted.
I looked at the original "negative list" document, auto manufacturing is still on it.
I think in the Chinese market it should have been obvious to everyone operating there that local car companies were transitioning to BEV in the last few years. The draft of the NEV sales quotas came out in September last year, but the domestic plan is from 2009.
New energy vehicles in China - Wikipedia
New energy vehicles in China - Wikipedia
"China's government announced Thursday, July 21, 2017, a goal of transforming the country into a global leader in artificial intelligence in just over a decade, putting additional political support behind growing investment by Chinese companies in developing self-driving cars and other advances."
China announces goal of AI leadership by 2030
China announces goal of AI leadership by 2030
Toyota speeds up China EV plan
22 Jul 2017 at 20:18
WRITER: KYODO NEWS
NAGOYA, JAPAN: Toyota Motor Corp is considering beginning mass production of electric vehicles in China as early as 2019, as the Chinese government plans to require carmakers to build a minimum number of environmentally friendly vehicles, a source familiar with the matter said on Saturday.
The production of zero-emission vehicles is in line with Toyota's earlier plan to start large-scale output of electric vehicles by 2020 to meet stricter exhaust emission regulations worldwide.
Automakers in the Chinese market will need to produce a certain volume of electric vehicles and other types of green cars as early as 2018 in proportion to their overall sales in the world's biggest auto market.
Because gasoline-electric hybrid vehicles will not be counted in the production requirement, Toyota, the world's leading hybrid carmaker, sees the need to build other types of vehicles with advanced powertrain technology there such as electric cars and plug-in hybrids, which are powered by an electric motor and an internal combustion engine that kicks in when the batteries run low.
Toyota set up a division to step up development of electric vehicles last year and President Akio Toyoda is in charge of the team.
A Toyota executive said it was "natural" to seek to introduce electric cars in China ahead of rivals as emission regulations are becoming tougher.
Toyota may produce the electric version of the C-HR small crossover sport utility vehicle which it plans to start manufacturing in China in 2018.
Toyota speeds up China EV plan
22 Jul 2017 at 20:18
WRITER: KYODO NEWS
NAGOYA, JAPAN: Toyota Motor Corp is considering beginning mass production of electric vehicles in China as early as 2019, as the Chinese government plans to require carmakers to build a minimum number of environmentally friendly vehicles, a source familiar with the matter said on Saturday.
The production of zero-emission vehicles is in line with Toyota's earlier plan to start large-scale output of electric vehicles by 2020 to meet stricter exhaust emission regulations worldwide.
Automakers in the Chinese market will need to produce a certain volume of electric vehicles and other types of green cars as early as 2018 in proportion to their overall sales in the world's biggest auto market.
Because gasoline-electric hybrid vehicles will not be counted in the production requirement, Toyota, the world's leading hybrid carmaker, sees the need to build other types of vehicles with advanced powertrain technology there such as electric cars and plug-in hybrids, which are powered by an electric motor and an internal combustion engine that kicks in when the batteries run low.
Toyota set up a division to step up development of electric vehicles last year and President Akio Toyoda is in charge of the team.
A Toyota executive said it was "natural" to seek to introduce electric cars in China ahead of rivals as emission regulations are becoming tougher.
Toyota may produce the electric version of the C-HR small crossover sport utility vehicle which it plans to start manufacturing in China in 2018.
Toyota speeds up China EV plan
I assume they are referring to non-Chinese rivals. Will there be outsiders producing EV's in China ahead of Toyota?
Hong Kong registrations for May were just published. Five EV's were registered, none of them Teslas.
From the 10-Q, Chinese revenues were up 250% from a year ago, but down 8% from last quarter.
I wonder if Great Wall Motor Co. has plans to introduce EV versions on the Chinese market similar to Geely/Volvo?
Fiat Chrysler says not approached by Great Wall Motor
China's Great Wall sets sights on Jeep
Fiat Chrysler says not approached by Great Wall Motor
China's Great Wall sets sights on Jeep
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