Chinese Lidar Maker Hesai Is Still to Decide on Building Plant to Supply Tesla in Mexico, Report Says

[GreatHanWarrior]

(Yicai) Oct. 24 -- Hesai Technology, a major Chinese developer of three-dimensional light direction and ranging technologies, has yet to decide if it will build a factory in Mexico to supply Tesla, according to a report.

Hesai has not disclosed any plans to invest in Mexico and does not know whether Tesla wants lidars for cars or humanoid robots, the 21st Century Business Herald yesterday cited the Shanghai-based comany as saying in response to a rumor that the US carmaker has invited it to build a factory in the country.

Chinese auto parts supplier Ningbo Tuopu Group plans to invest USD700 million and Hesai USD260 million in the Mexican state of Nuevo León after Tesla announced plans to build a large plant there, Governor Samuel Garcia noted during a visit to Shanghai on Oct. 19.

Tesla will invest more than USD5 billion in Nuevo León, and has already had some suppliers there, according to a Mexican official. The Texas-based company has not started building the project and has not determined the commissioning date, the official added, noting that Hesai will create 4,000 jobs.

Founded in 2014, Hesai is a leading developer of lidar for advanced driver assistance systems, self-driving cars, unmanned delivery vehicles, and robots. A lidar device measures the precise distance between an object and a sensor by using lasers and is widely used in self-driving cars and robots.

Hesai’s lidar shipments skyrocketed 630 percent to 86,940 in the first half of this year from a year earlier. Its revenue doubled to CNY440.3 million (USD60.2 million) in the second quarter from a year ago, while the firm’s net loss widened 6.7 percent to CNY74.4 million (USD10.2 million).

Chinese Lidar Maker Hesai Is Still to Decide on Building Plant to Supply Tesla in Mexico, Report Says

www.yicaiglobal.com

Thank you Tesla for telling me about two Chinese companies～Hesai and Tuopu.

 

[GreatHanWarrior]

Tesla's Chinese suppliers rush to set up EV component plants in Mexico to support new 'Gigafactory 6'

Chinese car component makers are rushing to build production plants in Mexico so they can supply parts to Tesla's new factory in the Central American nation.

www.google.co.jp

Chinese car component makers are rushing to build production plants in Mexico so they can supply parts to Tesla's new factory in the Central American nation.

At least seven mainland-listed companies have already announced their plans to expand in Mexico after Elon Musk's Texas-based carmaker started construction of the "Gigafactory 6" near Monterrey in May.

Three executives with Chinese car component firms told the Post that they were invited by Tesla to build factories in Mexico after the premium EV builder decided to set up the new facility.

That may be the tip of the iceberg.

Dozens of Chinese automotive supply-chain vendors, banking on the mainland's design and manufacturing heft in the electric vehicle (EV) sector, will follow Tesla's lead and localize their production in Mexico, according to industry officials.

"It is a win-win scenario," said Peter Chen, an engineer with car-parts maker ZF TRW in Shanghai. "Tesla needs Chinese suppliers to support its running of the Mexican Gigafactory, while Chinese car-part makers have been looking to tap overseas markets due to overcapacity worries at home."

Ningbo Xusheng Group, which makes aluminum alloy parts, Zhejiang Sanhua Intelligent Controls, a manufacturer of heat control components, and Tuopu Group, which deals with chassis production, are among the Tesla partners that will make a foray into Mexico.

Xusheng said in late March that it would spend $276 million to build a production line in the country bordering the U.S.

Sanhua announced in June that its plant in Mexico, with an annual capacity of 8 million heat control systems, would cost 1.05 billion yuan ($146.2 million).

Tuopu has set aside $200 million to build a factory in Mexico.

Tesla said its factory in Mexico will have a capacity of 1 million units a year and is expected to be operational in the second half of 2024.

Tesla's Shanghai Gigafactory, its first beachhead outside the U.S., began delivering vehicles to customers at the end of 2019 and has become the electric car giant's largest production hub worldwide buoyed by a complete and efficient automotive supply chain in China.

The factory, located in Shanghai's Lingang free-trade zone, churned out 710,000 vehicles last year, more than half of the company's total output of 1.31 million units.

Tesla is the mainland's runaway leader in the premium EV segment.

"Tesla's success story in China benefits not only the U.S. carmaker, but also its Chinese vendors," said Chen Jinzhu, chief executive of consultancy firm Shanghai Mingliang Auto Service.

"China's prowess in EV will result in more outbound moves by supply-chain firms in the coming five years."

Chinese vendors already supply almost half of the world's vehicle parts. They sold $710 billion out of the $1.51 trillion worldwide total in 2021, according to a report in February by Beijing-based Insight and Info Consulting.

China dominates the global EV supply chain. More than 60 percent of batteries powering electric cars worldwide are produced by Chinese companies, with Contemporary Amperex Technology Limited (CATL) and BYD taking the top two spots in terms of annual production.

Electric car sales in the mainland will rise by 35 percent this year to 8.8 million units, UBS analyst Paul Gong predicted in April. (SCMP)

@Hamartia Antidote @dbc @Bilal9

 

[nahtanbob]

Tesla's Chinese suppliers rush to set up EV component plants in Mexico to support new 'Gigafactory 6'

Chinese car component makers are rushing to build production plants in Mexico so they can supply parts to Tesla's new factory in the Central American nation.

www.google.co.jp

Chinese car component makers are rushing to build production plants in Mexico so they can supply parts to Tesla's new factory in the Central American nation.

At least seven mainland-listed companies have already announced their plans to expand in Mexico after Elon Musk's Texas-based carmaker started construction of the "Gigafactory 6" near Monterrey in May.

Three executives with Chinese car component firms told the Post that they were invited by Tesla to build factories in Mexico after the premium EV builder decided to set up the new facility.

That may be the tip of the iceberg.

Dozens of Chinese automotive supply-chain vendors, banking on the mainland's design and manufacturing heft in the electric vehicle (EV) sector, will follow Tesla's lead and localize their production in Mexico, according to industry officials.

"It is a win-win scenario," said Peter Chen, an engineer with car-parts maker ZF TRW in Shanghai. "Tesla needs Chinese suppliers to support its running of the Mexican Gigafactory, while Chinese car-part makers have been looking to tap overseas markets due to overcapacity worries at home."

Ningbo Xusheng Group, which makes aluminum alloy parts, Zhejiang Sanhua Intelligent Controls, a manufacturer of heat control components, and Tuopu Group, which deals with chassis production, are among the Tesla partners that will make a foray into Mexico.

Xusheng said in late March that it would spend $276 million to build a production line in the country bordering the U.S.

Sanhua announced in June that its plant in Mexico, with an annual capacity of 8 million heat control systems, would cost 1.05 billion yuan ($146.2 million).

Tuopu has set aside $200 million to build a factory in Mexico.

Tesla said its factory in Mexico will have a capacity of 1 million units a year and is expected to be operational in the second half of 2024.

Tesla's Shanghai Gigafactory, its first beachhead outside the U.S., began delivering vehicles to customers at the end of 2019 and has become the electric car giant's largest production hub worldwide buoyed by a complete and efficient automotive supply chain in China.

The factory, located in Shanghai's Lingang free-trade zone, churned out 710,000 vehicles last year, more than half of the company's total output of 1.31 million units.

Tesla is the mainland's runaway leader in the premium EV segment.

"Tesla's success story in China benefits not only the U.S. carmaker, but also its Chinese vendors," said Chen Jinzhu, chief executive of consultancy firm Shanghai Mingliang Auto Service.

"China's prowess in EV will result in more outbound moves by supply-chain firms in the coming five years."

Chinese vendors already supply almost half of the world's vehicle parts. They sold $710 billion out of the $1.51 trillion worldwide total in 2021, according to a report in February by Beijing-based Insight and Info Consulting.

China dominates the global EV supply chain. More than 60 percent of batteries powering electric cars worldwide are produced by Chinese companies, with Contemporary Amperex Technology Limited (CATL) and BYD taking the top two spots in terms of annual production.

Electric car sales in the mainland will rise by 35 percent this year to 8.8 million units, UBS analyst Paul Gong predicted in April. (SCMP)

@Hamartia Antidote @dbc @Bilal9

the factories are not in China. they are in Mexico

 

[GreatHanWarrior]

the factories are not in China. they are in Mexico

Don't worry. They are not in India.

 

[nahtanbob]

Don't worry. They are not in India.

factory is in Mexico. We are not talking about India

 

[GreatHanWarrior]

factory is in Mexico. We are not talking about India

Chinese companies build factories in Mexico. Tesla still buys key parts from China. do you have any questions??

 

[nahtanbob]

Chinese companies build factories in Mexico. Tesla still buys key parts from China. do you have any questions??

Tesla can replace one part supplier with another. Any questions

 

[GreatHanWarrior]

Tesla can replace one part supplier with another. Any questions

Of course! If Tesla doesn't buy CATL batteries. It can buy BYD batteries.

 

[gambit]

Tesla can replace one part supplier with another. Any questions

Xi Jing-Pooh needs his cuts. Else there would be another round of 'anti-corruption' campaign.

 

[GreatHanWarrior]

Xi Jing-Pooh needs his cuts. Else there would be another round of 'anti-corruption' campaign.

I agree! Buy more Chinese parts now. Support us in cracking down on Xi.

 

[gambit]

I agree! Buy more Chinese parts now. Support us in cracking down on Xi.

Better yet, Chinese buy more iPhones.

 

[GreatHanWarrior]

Better yet, Chinese buy more iPhones.

but but but..... Huawei TOP 1

Huawei overtakes Apple as China's No. 1 smartphone brand

In China, Android sales led by Huawei, Xiaomi and Honor grew while Apple's iPhone has seen a signifi

www.shine.cn

Huawei overtakes iPhone's No. 1 spot on market share in China - China.org.cn

The New King of Smartphones: Huawei Mate 60 Pro Outsells iPhone 15 Pro Max in China - Gizmochina

According to Counterpoint, Huawei has sold 1.6 million units of the Mate 60 Pro in just six weeks. Here are the details...

www.gizmochina.com

 

[gambit]

but but but..... Huawei TOP 1

Does not matter. Xi Jing-Pooh needs all the sources he can get. So Chinese should buy as much iPhone as possible.

 

[GreatHanWarrior]

Does not matter. Xi Jing-Pooh needs all the sources he can get. So Chinese should buy as much iPhone as possible.

Cry. Continue to cry. Now Apple CEO is in China. Begging for Chinese suppliers.

Like all Americans.

 

[gambit]

Cry. Continue to cry. Now Apple CEO is in China. Begging for Chinese suppliers.

And Apple is going to get them, because Xi Jing-Pooh said so. You guys cannot afford to have another 'anti-corruption' campaign.