Automotive News   |   Automotive News Europe   |   Autoweek   |   Automobilwoche

Automotive News China Newsletter
Register our free newsletter, sent each Monday and Thursday

     Automakers   Suppliers   Auto Show   Comment   Car Cutaway   Newsletters   Press Releases   Chinese Version   Register for Newsletter
  Contact Us:   Editorial   Advertising   Subscription Information   |   About Us   Media Kit
Home >> Automaker Email this story   Print this story
 
Tesla forms r&d subsidiary in Beijing
Automotive News China | 2017/12/1

Tesla Inc. established a subsidiary in Beijing to conduct r&d for vehicles slated for China.

The $2 million (13 million yuan) subsidiary was incorporated on Oct. 18, according to the State Administration for Industry and Commerce.

Tesla will use the center to develop electric vehicle, batteries, solar cells and information technology, according to the website. 

China is Tesla¡¯s second-largest market by revenue, after the United States. Last year the company recorded sales of $1.1 billion in China, which amounted to 15 percent of global revenue. 

Tesla is in advanced talks with Shanghai¡¯s municipal government to assemble vehicles in the city. 

During a recent earnings call, Tesla CEO Elon Musk told analysts that the company is about three years away from launching production in China.

Related Stories
  • EV demand continues to soar
  •     --Published:2017/15/12
     
  • WM Motors to launch Weltmeister EV brand next year
  •     --Published:2017/12/12
     
  • Baidu to help fund Chinese EV start-up WM Motors
  •     --Published:2017/8/12
     
  • China will extend tax rebate to spur EV sales
  •     --Published:2017/5/12
     
  • Faraday Future struggles to raise cash
  •     --Published:2017/5/12
     
  • NIO Capital to raise $500 million for auto investments
  •     --Published:2017/1/12
     
  • Why investors search for a Chinese Tesla
  •     --Published:2017/1/12
     
  • SF Motors prepares to pounce on U.S. EV market
  •     --Published:2017/28/11
     
  • Global electrified vehicle sales set record in Q3 behind China
  •     --Published:2017/24/11
     
  • Daimler, BAIC to invest 5 billion yuan for EV output
  •     --Published:2017/21/11
     
  • Toyota plots return to EVs, this time across Asia
  •     --Published:2017/21/11
     
  • China automakers risk huge inventories of unsold EVs
  •     --Published:2017/17/11
     
  • China may issue more EV permits to expand output
  •     --Published:2017/17/11
       
     
     

    Our Newsletter Editions
    Automotive News China produces two email newsletters each week. You can sort your news by the articles highlighted in each of our newsletters here.

    Select your newsletter     

     
     

    Automotive News China
    Room 1303, Building 2, Lane 99, South Hongcao Road,
    Shanghai 200233
    Telephone: 86-139-1851-5816
    Fax: 86-21-6495-0895
     
    Home | Help Center | About Us | RSS
    Entire contents © Crain Communications, Inc.
    Use of editorial content without permission is strictly prohibited. All Rights Reserved.
    »¦ICP±¸06057291ºÅ