Zhu Xiaotong, Tesla's global vice president and head of Greater China, confirmed that Tesla's next new car will be designed, developed and manufactured at the Shanghai Gigafactory and gradually sold globally. It is highly likely that Tesla's new entry-level model (expected to be named Model Q) will be handed over to China for production, and the current estimated price of the new car is between $25,000 and $30,000 (about 160,000-200,000 yuan). Tesla will cooperate with BYD, BYD insiders said, "BYD has received Tesla 10 GWh battery orders", model Q is expected to use BYD's latest blade battery.
Model Q rendering
Recently, the Liaoning channel of the People's Network released the article "Shenyang Dadong District "Five Grasps" and Strive to Be the Vanguard of Revitalization and Development", which mentioned that "combined with the urban renewal of the Wenguan area, open up the industrial development space, and lay the foundation for the landing of major new energy vehicle projects such as Tesla." This move means that Tesla's second domestic factory is very likely to settle in Shenyang's Dadong District, to some extent pointing to Tesla's third domestic model in China will be Model Q.
Unlike teslas, which were first put into production at the Fremont plant in California and then introduced to China before the launch of tesla new cars, this new model will be directly produced in China. The new car is positioned as a pure electric compact hatchback, slightly smaller than the mid-size Model 3. The price of the new car after the listing is expected to be between 160,000 and 200,000 yuan, which will have a huge impact on independent new energy vehicle companies, and if the price will be further explored, it will even pose a threat to 100,000 yuan of fuel vehicles such as Toyota Corolla and Nissan Xuanyi.
In 2021, Tesla's revenue in the Chinese market was 13.844 billion yuan, an increase of 107.8% year-on-year. In terms of sales, Tesla sold about 480,000 vehicles in China in the whole year, more than half of Tesla's total global sales. At present, Tesla's Berlin factory and Texas factory have not been officially put into operation, the Shanghai factory is still the only pillar of Tesla's overseas factories, and at the same time to meet the domestic average sales of more than 40,000 units a month, with the existing capacity and storage capacity of the Shanghai factory, it will be a bit difficult to overwhelm.
Liaoning Province is still a major province in the mainland automobile manufacturing industry, with a long history of automobile manufacturing, such as BMW Brilliance, Brilliance Automobile and SAIC-GM have vehicle factories, so Shenyang City and even the entire Liaoning Province have relatively rich automotive industry supporting enterprises and talent reserves. In addition, building a factory in a place with extremely cold weather such as Shenyang has unique conditions for winter testing of new energy models, which may effectively solve the shortcomings of the power battery due to changes in ambient temperature and greatly affect the performance of the battery.