Stay Informed. Stay Competitive with FREE Insights on the Stock Market, Dow 30 & Emerging Opportunities. Get Free Email Updates

Stay Competitive With Stock Market Updates!

Get Free Updates

EV Maker Tesla Gearing Up To Sell Model Y SUVs In China – The World’s Biggest Car Market

By John F. Heerdink, Jr.

Reportedly, Electric Vehicle maker Tesla Inc. to start delivering China-made Model Y sport-utility vehicles (SUV) this month expanding sales in the world’s biggest car market.

China which is Tesla’s largest market after the U.S is offering huge subsidies for electric vehicles as it plans to cut down on pollution from petrol or diesel cars. The company is also looking to expand its Shanghai car factory, where it also builds its Model 3 sedans. It started exporting Model 3 vehicles to Europe, in October. Tesla is adding manufacturing capacity for EV chargers in Shanghai and also working to expand its sales and service network around the country. It sold over 20,000 vehicles in November.

As per the Chinese website, the starting price of a Model Y in China is now 339,900 yuan ($52,091.95). Tesla’s rivals in China include Volkswagen AG, BMW along with local startups such as Xpeng Inc, Nio Inc, and Li Auto Inc, which all have electric SUV models. 

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

Stay Informed! Stay Competitive! Please join us at Vista Partners and receive our FREE email updates throughout the week and view our exclusive content and research.  

Post View Count : 304
(Read Original Story: Electric vehicle maker Tesla to deliver China-made Model Y SUVs this month in Reuters)


YOUR GUIDE TO STAYING INFORMED IN THE MARKETS

Subscribe for FREE Email Updates & Access To EXCLUSIVE Research!

Connect with us