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Tesla unlikely to further decrease price of China-made vehicles

Tesla unlikely to further decrease price of China-made vehicles Monika From Gasgoo | December 30 , 2020 Shanghai (Gasgoo)- As Tesla has basically achieved its target of auto parts localization in China, it is unlikely to see further reduction in the prices of made-in-China Tesla cars in the future, according to a local media outlet, quoting Tao Lin, Vice President of Tesla China Foreign Affairs. Ms Tao revealed there is still the probability that the car price will rise if the prices of raw materials and auto parts go higher. However, some insiders said the room for potential price falls still exists. With the cost of making a China-made Model 3 EV working out to roughly 200,000 yuan ($30,650), the gross margin for the locally-produced Model 3s is estimated to be around 30%, which is much higher than that of its U.S.-made counterpart, said the report. 

Tesla Shaghai Supply Chain Is Now Locally Sourced - Does That Mean MORE Tesla Copies Will Be Appearing Soon?

Tesla Shaghai Supply Chain Is Now Locally Sourced - Does That Mean MORE Tesla Copies Will Be Appearing Soon? Views : 2,116 | Category: New Cars | Source: | SOURCE: www.teslarati.com SHARE THIS ARTICLE Tesla Gigafactory Shanghai has reached its localization supply goal in China, reported local media after an exclusive interview with Vice President of External Affairs Grace Tao. Now that Tesla has met its local supply goal, the price of the China-made Model 3 may stabilize more.  “Tesla’s localization supply goal has been basically achieved, and it is unlikely that prices will continue to be reduced in the future,” Tao told China Business News. 

Tesla And LG Chem Appear To Be Finalizing China Model Y Battery Deal

Tesla And LG Chem Appear To Be Finalizing China Model Y Battery Deal ++ The cells will have a cathode with 90 percent nickel and less than 5 percent cobalt. We know full well Tesla isn t opposed to using batteries from various manufacturers. It currently has a large and longstanding partnership with Panasonic, and it s working to produce its own batteries in-house. However, if Tesla really wants to accelerate the transition to EVs, increase production and deliveries, and secure enough battery supply to support multiple global factories, it can t push other battery makers aside. Recent reports suggest that South-Korea based LG Chem s new battery division LG Energy Solution is close to finalizing a deal with Tesla in China. The information says LG will be a major supplier of nickel cobalt manganese aluminum (NCMA) batteries for Tesla. In addition, it appears these battery cells will be used specifically for Tesla Model Y electric crossov

Lithium Australia set to lower EV battery costs

ASX-listed Lithium Australia continues to kick goals with its unique approach to lithium-ion battery innovation with its latest modelling demonstrating improved cost efficiencies from its proprietary lithium-ferro-phosphate technology. The company now believes it has overcome all the significant cost, safety and performance hurdles it needs to produce a better product than its competitors in the expanding global electric vehicle battery market. Lithium Australia continues to kick goals with its unique approach to lithium-ion battery innovation, demonstrating improved cost efficiencies from its proprietary lithium-ferro-phosphate, or “LFP” technology. The latest modelling of the new process suggests a net cost reduction of 5 to 10 per cent in the cost of LFP chemical inputs could be achieved via in-house iron oxalate production.

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