I think a U.S. centric design for their first car was a pretty good idea. Supercharger infrastructure, tech culture, knowledge of roadster, proximity, popularity of the Prius, tax, etc. remember that they didn't guide for 50k+ sales in 2012.
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http://m.163.com/proxy?url=http://auto.163.com/15/0414/22/AN6RDQ5500084TV0.html
An interview with Ricardo Reyes. Some highlights:
1) around 750 model S registered in Jan/Feb, Q1 sales number ~1000
2) 2015 sales target in China is still 5000 and should be achieveable
3) Tesla will attend Shanghai Auto Show, first time in China
4) Per Ricardo Reyes, Tesla is in talk with Beijing Municipal government to get free new energy license plate for Tesla (Note, Beijing already agreed BEV including Tesla excempted from even/odd car ban)
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Btw, the China stock market soared more than doubled in last 12 months. So a lot millionaires produced everyday, the purchase power for luxury cars becomes even stronger.
An interview with Ricardo Reyes. Some highlights:
1) around 750 model S registered in Jan/Feb, Q1 sales number ~1000
2) 2015 sales target in China is still 5000 and should be achieveable
3) Tesla will attend Shanghai Auto Show, first time in China
4) Per Ricardo Reyes, Tesla is in talk with Beijing Municipal government to get free new energy license plate for Tesla (Note, Beijing already agreed BEV including Tesla excempted from even/odd car ban)
- - - Updated - - -
Btw, the China stock market soared more than doubled in last 12 months. So a lot millionaires produced everyday, the purchase power for luxury cars becomes even stronger.
But recent numbers don't look good at all. Case in point:
China's March exports shrink 15 percent year-on-year in shock fall
Another interview with Ricardo Reyes.
http://www.huxiu.com/article/112871/1.html
Model X will start delivery to US market in September.
http://www.huxiu.com/article/112871/1.html
Model X will start delivery to US market in September.
LargeHamCollider
Battery cells != scalable
I feel the need to chip in and thank maoing and skepticmatt for your insight into the chinese market, it's been invaluable to me, much appreciated.
Chinese economy rise is not as steep as it was in prior years. Stock market usually goes in reverse with currency moves. Yuan depreciated and that contributed to market rise.
In short, they are buying ~$60M worth of battery sensor systems from Preh GmbH
Ningbo Shanshan Co Ltd, 600884:SHH profile - FT.com
Ningbo Shanshan Co Ltd, 600884:SHH profile - FT.com
Found this Chinese article. ¾ùʤµç×ÓÕ¶»ñÌØ˹À¶©µ¥ ¹«¸æЯÊÖÕã½Äϳµ|¾ùʤµç×Ó|ÌØ˹À|ÖйúÄϳµ_ÐÂÀ˲ƾ_ÐÂÀËÍø
If the translation is correct and I interpreted right, apparently Ningbo Joyson has another subsidiary that went into a deal over energy storage with a company that produces trolleys. Perhaps there's more to the deal with Ningbo Joyson?
If the translation is correct and I interpreted right, apparently Ningbo Joyson has another subsidiary that went into a deal over energy storage with a company that produces trolleys. Perhaps there's more to the deal with Ningbo Joyson?
This past Friday China changed margin requirements sending futures down 7%, then today they announce a larger then expected rate cut flooding the banking system with liquidity.
http://www.zerohedge.com/news/2015-04-19/china-cuts-reserve-ratio-most-2008-attempt-preserve-equity-bubble-boost-economy
Futures should interesting tonight http://www.investing.com/indices/indices-futures
http://www.zerohedge.com/news/2015-04-19/china-cuts-reserve-ratio-most-2008-attempt-preserve-equity-bubble-boost-economy
Futures should interesting tonight http://www.investing.com/indices/indices-futures
Uh oh. Who's at the wheel there?
Sure, it's likely to be great for those of us who are fully invested (or more) - but at the same time these moves in China suggest that we're looking at a bunch of reactionary (meaning as opposed to anticipatory) amateurs.
Sure, it's likely to be great for those of us who are fully invested (or more) - but at the same time these moves in China suggest that we're looking at a bunch of reactionary (meaning as opposed to anticipatory) amateurs.
Great links, thanks
It seems that rate cut into rising hot stock market is a trade off they are willing to make to try to halt housing market crash. Most wealth of Chinese citizens is in housing market (~75%) therefore the relevance of this market trumps the relevance of stock market which captures only ~25% of wealth. Rate cut might be an attempt to try to preserve eroding wealth of Chinese citizens by flooding money not into the stock market but into the collapsing housing market.
CNY peg to soaring USD has hurt Chinese exports and competitiveness, thus rate cut might help with boosting exports. The trade off here is that the weaker currency will promote further already significant capital outflow from China.
In their defence, it is much harder to learn to be proactive in a non democratic environment which actively suppresses opposing views and opinions. That may be a self created learning hurdle but at least they have that excuse
Poor leadership in some other more democratic nations calls for some explaining as well, I will not name names here
Thumper
Active Member
This concept from Volvo looks like it would be a possible solution for Tesla to make a chauffeur version of the S for the China market. Volvo kicks back with Lounge Console concept in Shanghai [w/video]
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