After Tesla's repeated price increases for Model 3 and Model Y, ITS CEO Musk said that the main reason for the price increase is caused by supply chain pressure and rising raw material costs, in order to control the cost in the future will significantly increase the proportion of lithium iron phosphate batteries to two-thirds, which will benefit Chinese manufacturing.
Before 2020, Tesla almost all use ternary lithium batteries, but in 2020, it introduced lithium iron phosphate batteries into the Model3 put into production in the Shanghai factory, thereby further reducing the price of the Model3, and from the market feedback, there are still a considerable number of users who recognize lithium iron phosphate batteries.
By 2021, lithium iron phosphate batteries will be further recognized by the new energy automobile industry, because lithium iron phosphate batteries are not only lower in cost, but also safer. Domestic analysis data pointed out that the fire accident rate of lithium iron phosphate batteries is much lower than that of ternary lithium batteries, safety coupled with cost advantages, to promote lithium iron phosphate batteries in the domestic power battery market accounted for a rapid increase, by the second half of 2021 lithium iron phosphate batteries in the domestic power battery market the proportion of ternary lithium batteries.
After the Shanghai factory put into operation model 3 in 2019, Tesla said that the production cost of the Shanghai factory was 65% lower than that of the US factory, which showed the huge cost advantage of the Shanghai factory. Due to the cost advantage of the Shanghai factory, Tesla not only opened the Shanghai factory to the Chinese market, but also used the Shanghai factory as an export base to export the models produced at the Shanghai factory to Europe, Japan and other markets.
In the future, even if Tesla's factory in Europe is put into operation, due to the manufacturing cost advantage of the Shanghai factory, it is likely that the US factory will only supply the US market, the European factory will supply the European market, and the Shanghai factory will be oriented to the Market in addition to Europe and the United States.
The reason why the Shanghai factory has a cost advantage, in addition to the low labor cost, is also inseparable from the lower cost of the Chinese manufacturing industry chain. Shanghai is located in one of the three major economic circles in China, with Shanghai as the leader of the Yangtze River Delta Economic Circle has a perfect industrial chain, coupled with China's perfect transportation network and the world's most efficient logistics network, the Shanghai factory has gained a cost advantage that far exceeds the European and American markets.
In addition, another major advantage of Chinese manufacturing is China's technical advantages and production capacity advantages in lithium iron phosphate batteries. Previously, power battery companies outside China have mainly developed ternary lithium batteries, while China's power battery companies have developed lithium iron phosphate batteries and ternary lithium batteries at the same time, and China occupies almost all of the world's lithium iron phosphate battery production capacity, which has become China's unique advantage in the new energy vehicle market.
In order to further control the cost, Tesla will use more lithium iron phosphate batteries in the future, coupled with the Shanghai factory has a manufacturing cost advantage, and even some say that the current production capacity of the Shanghai factory can not meet the needs of the market, Tesla is planning to build a second factory in China, the factory site may be in Shenzhen or Guangzhou, which shows that Tesla is planning to further use the advantages of Chinese manufacturing, China's manufacturing industry is expected to further benefit from this.