Monday , April 12 2021

Tesla sales in China have collapsed – automotive news



Last month, Tesla has sold 70% less electric cars in China than in October 2017, said the China Association of cars, quoted by Reuters. The agency stressed that the collapse was due to a trade war between the US and China.

All Tesla products for the Chinese market are imported from the United States and the mutual responsibilities of 40%, which is presented Beijing to raise prices in any case expensive Californian electric vehicles. This occurs against the backdrop of the unprecedented growth of the green car sales in China since mid-year onwards.

In an attempt to reassure investors last week Elon Musk announced that Tesla will reduce the cost of Model S and X models for the Chinese market, to make them more "accessible" and laid the impact of duties. The company has already acquired land for future factory in Shanghai – the first outside the United States.


Source link