www.teslarati.com
Insh'Allah and hopefully.The future of Tesla is in China
The road to a world with only electric vehicles doesn’t run through the US. It runs through China. In China, nearly 30 percent of all car sales are EVs. In the US, it’s just 7 percent. How did China so thoroughly smoke the US when it comes to EVs?
It had help from a certain American company called Tesla.
In the sixth and last episode of Land of the Giants: The Tesla Shock Wave, we explore how China took the lead in global EV sales with a lot of help from the government in the form of subsidies for lithium batteries. We also examine how China used Tesla to kick-start its own homegrown EV industry — and how it has since outgrown Elon Musk’s company in many ways.
China has been the world’s largest auto producer for almost two decades. But if you live in the US, you’d hardly know it. Very few Chinese cars are on the road in this country thanks to extremely high tariffs.
But Tesla knew it would need to start selling cars in China if it wanted to eventually become profitable. So, in 2018, the company became the first-ever foreign carmaker to be invited to set up a factory in China without having to answer to a Chinese partner. It was an unprecedented move by the Chinese government to loosen its own rules for a US automaker. But it had its reasons.
“They knew it would prompt competition,” said Crystal Chang, a lecturer at UC Berkeley who specializes in political economies in Asia. “That the Chinese carmakers would now have to compete with the domestically produced Tesla and that that would be an extra incentive to make better EVs, to bring down the cost, etc.”
The deal has worked out swimmingly for China, which is now the No. 1 exporter of cars globally. And the US continues to lag behind in exports and EV sales. As you can imagine, in a country where the auto industry is almost an analog for the entire economy, that’s a hard pill to swallow.
That’s why the Biden administration — and particularly the US Department of Transportation under Secretary Pete Buttigieg — has taken such a bullish stance on EVs. The US needs to catch up, and it will take a lot of money to do that. The nearly $1 trillion Inflation Reduction Act is the major attempt to correct this imbalance, pouring billions of dollars into EV charging and subsidies for consumers. Buttigieg says it’s the best chance to catch up to China’s lead.
“They want to capture the EV market,” Buttigieg said of China. “They want to be a step ahead. In some ways, they’ve gained an advantage by sprinting into it. But I believe at the end of the day, America is poised to win that competition.”
But where that leaves Tesla is less certain. The company is facing rising competition, both in the US and China, and it’s unclear whether it can remain on top of the market it helped create.
The future of Tesla is in China
China is one of the top markets for EVs in the world.www.theverge.com
Why not since they are made in China and depend completely on the Chinese supply chain, pay Chinese workers and technicians.
Nah, panel gaps, excessive heat, road noise, roof leaks, range numbers not as advertised are still very much there. This is a late 2021 year model that my wife drives.
LOl, Tesla is just one foreign company in China and it's losing out to Chinese companies, besides, Tesla's management and brains are also Chinese, that's why they say Tesla's future is in China, for both design and research centers and factories.
In that case, why have Chinese car companies at all. Better for China to let American,Japanese and Korean car companies to dominate your market and China can just be a part supplier to them. If that's better for China then that's what you guys should do having your own car brands/companies is a waste of time. Just stick to be suppliers. Same with mobile industry you don't need your own companies like Huawei or Xiaomi etc . Just let Apple and Samsung dominate your country afterall, you supply parts to them as well.
Using your logic. Lool
Foreign cars used to dominate China's car market for decades and we were OK with it, they indeed contribute to China's economy a lot, no questions about it, but in recent years Chinese dometic car makers quickly became the dominant force and replace foreign cars in China, there's nothing Chinese government can do to stop it. It's not the government will ,it just what happens when things come to a point.In that case, why have Chinese car companies at all. Better for China to let American,Japanese and Korean car companies to dominate your market and China can just be a part supplier to them. If that's better for China then that's what you guys should do having your own car brands/companies is a waste of time. Just stick to be suppliers. Same with mobile industry you don't need your own companies like Huawei or Xiaomi etc . Just let Apple and Samsung dominate your country afterall, you supply parts to them as well.
That's just copium to be honest
lol, you still think westerners are born masters? a typical westerner's mindset. the master race,
lol, you still think westerners are born masters? a typical westerner's mindset. the master race,
I just pointed out you master and slave relationship with China haters, we are going to defeat you both. Chinese companies also hiring Americans in US, business practice everywhere, no country will turn down foreigners who bring contribution to its own economy. Money oriented US major companies have a long tradition siding with US enemies in the history, they put everything the have in an enemy's basket, lol..LOL! You are the one who keeps talking about "Western Masters"
Lets do a search for when you use "Western Masters".
hmm 8 pages.
Just repeating a phrase you love to use!!
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Simply be happy there are foreign companies that are successful in China hiring the locals happy to work on the assembly line for their Western Masters.
