On May 22nd, Tesla co-founder JB Straubel recently said in an interview with Germany that the number of China Model 3 is increasing, and China has become Tesla's second largest market. In the US, Tesla will increase production lines in China only when China's sales volume is convincing.
JB? Shi Chaobao is both the co-founder of Tesla and the CTO of Tesla. On Thursday, JB? Shi Chaobao denied the rumors that Tesla will soon open a factory in China. He told the media that it would make sense to open a factory only when the market reached a "critical mass."
In a recent interview, Tesla Global Sales President Jon McNeill once said that in order to meet the needs of Model 3, China is a potential candidate for opening a factory.
On April 1, Tesla's first electric car for Volkswagen was released. According to Ren Yuxiang, director of Tesla Asia Pacific, China's bookings ranked second, and he did not disclose specific figures. Last year, despite Tesla's decline in China's revenue, it is still Tesla's second largest market.
In the past two years, Tesla is still the first star of the electric car world, although other luxury and mid-range car manufacturers have begun to take action. The influence of billionaire Musk helped the company gain a lot of attention, more attractive than the BMW i3 and Nissan Leaf. In fact, the real star in the electric car market may be Buffett's Berkshire Hathaway, which holds a 10% stake in BYD, which is worth about $16.3 billion. BYD is still the world's leading electric car brand by sales volume.
In 2015, BYD's electric vehicle revenue was three times that of Tesla. Tesla mainly focused on the passenger car market. BYD's focus is on higher-priced public transport. Last year, BYD's revenue was 80 billion yuan ($12.3 billion), a 37% increase over 2014. Tesla's sales in 2014 were approximately $3.1 billion. In 2015, the sales volume of electric vehicles in China was about 330,000, and the output increased by 300% compared with 2014. Tesla can be sold as a luxury American brand. Many Chinese buyers like American luxury brands, and China may become the largest market for Model 3 by then.
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