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China Tesla Demand Is Spiking – CleanTechnica, Cleantechnica.com

China Tesla Demand Is Spiking – CleanTechnica, Cleantechnica.com


        

Cars        

            

                Published onOctober 3rd, 2019 |                 by Guest Contributor

                                              

             

             

October 3rd, 2019by


Originally posted on (X AutoandEVANNEX.
By Iqtidar Ali

Tesla Model 3 and Model X demand are skyrocketing in China, especially since the Chinese government gave a 10% car purchase tax exemption to Tesla last month – a sign of aggressive electric vehicle policy implementation by China.

Full of Tesla Model 3 in Beijing, China 🇨🇳 DMV. Waiting to get their vehicle inspection before getting the license plates. It’s the same every single day more Tesla vehicles than any other brands.# Tesla# TeslaChina# Model3# DMV# Beijing# 特斯拉# 中国# 北京$ TSLApic.twitter.com/xBKZETe6JM

– Jay in Shanghai 🇨🇳 (@JayinShanghai) (September) ,

A large number of Tesla Model 3, Model S, and Model X vehicles outside the Beijing Department of Motor Vehicles (Source: (Jay In Shanghai) )

There are several reports coming out of Beijing and Shanghai about massive amounts of deliveries happening via Chinese Tesla stores. As evidenced in the featured image above, Teslas have flooded Beijing’s Department of Motor Vehicles in order to obtain license plates. In addition, below is a short video from outside the Beijing DMV that shows a long line of Model 3s at the facility.

(Video) Full of Tesla Model 3 in Beijing, China 🇨🇳 DMV. Waiting to get their vehicle inspection before getting the license plates. It’s the same every single day more Tesla vehicles than any other brands.# Tesla# TeslaChina# Model3# DMV# Beijing# 特斯拉# 中国# 北京$ TSLApic.twitter.com/bSNpBQgW8S

– Jay in Shanghai 🇨🇳 (@JayinShanghai) (September) , 2019

Meanwhile, Chao Zhou is consistently updating the Tesla community aboutGigafactory 3 developmentsby reporting directly from the ground. Chao recently visited the Tesla Shanghai Jinqiao Store and the number of Model 3 sales he saw at the location was nothing short of astonishing.

According to Chao’s meeting with Tesla staff at the Jinqiao Store, a surge in Model 3 orders occurred post-tax exemption. Crunching the numbers, the Jinqiao Tesla Store alone is expected to accumulate 3, 000 orders by the end of this month.

It’s quite conceivable that Tesla China will deliver these cars by the end of October, which should bolster Tesla’s Q4 delivery report.

They have 60 employees and each of them sells 40 ~ 50 cars in this month, mostly Model 3, which is amazing.pic .twitter.com / 5y9IPe3jxn

– Chao Zhou 👽 (@realChaoZhou) (September) , 2019

In addition, large numbers of Model X vehicles also await delivery – proof of the popularity of Tesla’s SUV in China. It turns outeven Elon Musk used a Model X convoy on his Shanghai visit recently.

Check out Tesla Beijing Delivery Center in China 🇨🇳 right now! Model X is doing well too. No Demand in China yeah right!# Tesla# TeslaChina# Beijing# China# ModelX# 特斯拉# 中国$ TSLApic.twitter.com/HKkJbySDNd

– Jay in Shanghai 🇨🇳 (@JayinShanghai) (September) , 2019

China’s 10% tax exemption drops the purchase price of the Tesla’s electric cars by up to 99, 000 yuan ($) , 960), according toReuters.Needless to say, this big discount is attracting a lot of attention from Chinese auto buyers searching for a reliable, premium electric car.

The Tesla China website states that the maximum tax break obtainable on a Model 3 is ¥ 52, 000 ($ 7, 345). This tax break can be realized on Model 3’s highest priced variant. For more details, Tesla’s website has a tax incentiveinfo pagecovering the policy details of every Chinese region.

And it’s not just new Teslas in high demand. According toQuartz,“Nobody wants a used electric vehicle in China, unless it’s a Tesla.” It’s reported that, “A Tesla’s residual value — basically the future value of a car after a certain amount of use — at one year is more than 70% of its original price, far higher than the value of any Chinese EV model at the same mark. ”

Tesla’s traction in China (YouTube:CNA)

Meanwhile,Tesla’s Gigafactory 3 buildout remains in(“ludicrous” mode) . The company’s Model 3 assembly lines are already in place and other parts of the huge complex are nearing completion.

According toReuters,“Tesla Inc’s China factory aims to start production this month.” Furthermore,CleanTechnicareports, “Tesla will cut off orders of the Model 3 Standard Range after October 13 th in anticipation of the start of production at Gigafactory 3 in Shanghai, China. ”

To that end, in the coming months, Tesla China customers will be able to get their Model 3s delivered far quicker (in larger quantities) from Shanghai’s Gigafactory 3.

Featured image via Tesla

         

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