To date, I have found nothing that says that DOLV and TESLA have any kind of partnership or joint venture (other than that speculative whisper article just posted).
The restrictions on foreign automakers may be relaxed in free trade zones China according to some articles I have seen like the one below. Foreign automakers may not have to do a costly 50-50 joint venture with China automakers, however, a pricey 25% tariff would still apply.
Tesla has long been dreaming of investing in China, but now it is the only well-known carmaker who does not plan to produce electric vehicles in the world's largest electric car market, according to Reuters. However, this may be about to change. According to informed sources, in recent weeks, Chinese officials have hinted that the provisions of foreign car prices in China must cooperate with local manufacturers may be relaxed, and this provision is Tesla has not set up factories in China Where.
Foreign investment in new energy vehicles to reduce the Tesla is expected to own factories in China
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According to people familiar with the automotive industry executives, China is preparing to allow foreign companies in the absence of Chinese partners in the case of free trade in the production of electric vehicles, but if sold in China, these cars will still be import tariffs limits.
Chinese Ministry of Commerce spokesman did not confirm the peak of these plans. But he said that the future government will cancel the policy of restricting foreign investment in electric vehicles, but did not mention the provisions of the joint venture.
Industry watchers say that as long as China imposes a 25% tariff on imported goods, this change will be a limited concession.
Last year, China also allowed foreign battery companies to set up wholly-owned enterprises in some free trade areas, including Shanghai.
Even so, for Tesla, this change may be significant. Analysts said Tesla was worried that the establishment of a joint venture could hurt Tesla's technology.
Tesla, headed by Elon Musk, is facing increasing pressure on building in China.
As China intends to phase out gasoline and diesel vehicles, General Motors, Volkswagen, Ford and many other foreign manufacturers in China have recently announced the start or substantially increase the production of electric vehicles.
Tesla said in June this year, with the relevant Chinese authorities in Shanghai to build factories in the negotiations, and hope that within 2017 issued a notice. As of last Friday, Tesla said that in addition to the above statement, no other comments.
Analysts said Tesla seems interested in shelving the plan, hoping China to relax the rules. Now, if foreign carmakers want to build cars in China, they need to set up 50% of the joint venture with local companies.
Fitch Ratings Asia Pacific co-director Yang Jing said that in the free trade zone production of electric vehicles or to be levied 25% tariffs, andnot eligible to enjoy China's generous electric car subsidies.
But for Tesla, this may not be a problem. Tesla is a luxury brand with unquestionable prestige.
Even with these tariffs, Tesla sold about 11,000 cars worth more than $ 1 billion in 2016, enough to make China the second largest market in the United States.
However, this figure is negligible compared to market potential, as Beijing's electric car sales in 2025 were 7 million and 1530 in 2030.
Other foreign carmakers are overcoming their concerns about intellectual property protection and building entry-level electric vehicles without cutting-edge technology. For example, General Motors has just launched its first pure electric vehicle in China Bao Chun E100, priced at 5300 US dollars. It is in the United States launched the high-end products Chevrolet Bolt is not available in China.
But Tesla does not produce cheap cars, even $ 35,000 Model 3 will be one of China's most expensive electric models.
At the same time, Masky has been hoping to set up factories in China, and in 2015 for the first time in Beijing, China's factory plans to discuss. His last visit to China was in April.
In March, Tencent bought a 5% stake in Tesla for $ 1.8 billion, so Tesla had a coalition that could help negotiate well with Chinese officials.
My posts may contain forward-looking statements which may be beyond the comprehension of any backwards-looking individuals. I speculate, this is the OTC after all. In my opinion, all my posts are IMO.
