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Tesla brakes in China over image crisis, despite record Q1 earnings

SOURCE / ECONOMY By GT staff reporters Published: Apr 27, 2021 06:23 PM Made-in-China Tesla cars wait to be shipped overseas outside its factory in Shanghai in October 2020. Photo:cnsphoto While releasing record first-quarter earnings on Monday (US time), Tesla CEO Elon Musk avoided any specific mention of the Chinese market, in an apparent attempt to brush its public relations crisis in China under the carpet - a notable sharp contrast to his previous high-profile emphasis on the Chinese market. That reflected a delicate and sensitive time for the US-based automaker, as it faces a reputational challenge in one of its most crucial markets over suspected quality issues of its cars and a widely criticized public relations strategy.

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Chinese EV firms could find opportunity in US market under Biden: analysts

Chinese EV firms could find opportunity in US market under Biden: analysts Zhang Hongpei Published: Jan 28, 2021 10:23 PM A Tesla Model 3 electric car is seen at the Automobile exhibition area during the third China International Import Expo (CIIE) in Shanghai, east China, Nov. 6, 2020.Photo:Xinhua Chinese electric vehicle (EV) producers may discover new opportunities for cooperation and expansion in the US market as the Biden administration aims to promote EVs as a means to achieve its ambitious climate goals. The US is a developed vehicle market that some Chinese auto producers have failed to enter despite many efforts. But although Washington wants to support domestic vehicle manufacturing, Chinese players will keep trying, observers told the Global Times on Thursday.

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Global Times Points Out Increasing Reliance On China By Apple And Tesla

Global Times Points Out Increasing Reliance On China By Apple And Tesla
zerohedge.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zerohedge.com Daily Mail and Mail on Sunday newspapers.

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Tesla, Apple to source growth from increasing reliance on China: analysts

SOURCE / COMPANIES By GT staff reporters Published: Jan 26, 2021 09:28 PM Photo taken on Oct. 19, 2020 shows the Tesla China-made Model 3 vehicles which will be exported to Europe at Waigaoqiao port in Shanghai, east China, Oct. 19, 2020. U.S. carmaker Tesla announced on Monday that it would export the made-in-China Model 3 to Europe, marking another important milestone for its Shanghai Gigafactory. The first batch of exported sedans will leave Shanghai next Tuesday and arrive at the port of Zeebrugge in Belgium at the end of November before being sold in European countries, including Germany, France, Italy, Spain, Portugal, and Switzerland. (Xinhua/Wang Xiang) Fourth-quarter results from US electric car producer Tesla and US technology giant Apple, due out on Wednesday US time, are likely to show their increasing reliance on China, a pivotal market for both, Chinese industry watchers said.

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Chinese experts say Tesla s success in China can t happen again in India due to consumption, infrastructure gaps

Chu Daye Published: Jan 21, 2021 09:53 PM Made-in-China Tesla cars wait to be shipped overseas outside its factory in Shanghai in October 2020. Photo:cnsphoto China s automobile experts said that it s impossible for India to copy Tesla s success in China, and the company s moves in India are just a tiny, experimental program , after two Indian ports were reportedly competing to invite the US electric carmaker to locate its new plant there. According to media reports, two of India s top ports, Kandla and Mundra, are seeking to have Tesla to set up factories, after Elon Musk registered an office in Bengaluru, Karnataka in the company s efforts to expand its business in international markets.

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