Mexican Media Brands
Tesla Wants U.S. to Help Its Plans in China
Tesla Motors Inc. wants the White House to pressure China Premier Xi Jinping to ease import duties and rules that require foreign carmakers who build cars in China to do so through 50:50 partnerships with Chinese manufacturers, The Wall Street Journal reports.
#hybrid
Share
Tesla Motors Inc. wants the White House to pressure China Premier Xi Jinping to ease import duties and rules that require foreign carmakers who build cars in China to do so through 50:50 partnerships with Chinese manufacturers, The Wall Street Journal reports. Xi plans to visit the U.S. in September.
Tesla wants to eventually produce its electric cars in China to avoid hefty import tariffs on its American-made vehicles. China's decision to weaken the yuan has made importing the company's $76,000 Model S even less attractive.
The company also faces rapidly growing competition from a bevy of Chinese-backed EV makers in the U.S., the Journal notes. It lists China's Atieva, Faraday Future and Leshi Internet Information & Technology. The newspaper says several of the companies have hired multiple engineers away from Tesla.
Tesla complains that these carmakers don't face comparable partnership rules or high taxes on vehicles they build in the U.S. or import from China, thus giving them an unfair advantage.
RELATED CONTENT
-
Bolt EV: Like a Hammer Through a Screen
Some of you may remember the Apple “1984” commercial that ran on January 22, 1984, the ad that announced the Macintosh to the world.
-
GAC, CATL Partner on Two Battery Ventures
Two new battery ventures are being formed in China by domestic carmaker Guangzhou Automobile Group Ltd. and battery giant Contemporary Amperex Technology Ltd.
-
On Ford Maverick, Toyota Tundra Hybrid, and GM's Factory Footprint
GM is transforming its approach to the auto market—and its factories. Ford builds a small truck for the urban market. Toyota builds a full-size pickup and uses a hybrid instead of a diesel. And Faurecia thinks that hydrogen is where the industry is going.