TSLA added battery management system business -Lithium - Ion Battery Equipment
Recently, people in the industry found that Tesla (Shanghai) Co., Ltd. has changed its registered capital from 100 million yuan to 4.67 billion yuan, and its business scope has also increased to the manufacture of key components of new energy vehicles such as battery separators, battery management systems, electric vehicle electronic control integration, electric vehicle drive motors, high-power electronic devices, etc.
In May this year, Tesla (Shanghai) Co., Ltd. obtained the business license, and TESLAMOTORSHKLIMITED is a wholly-owned shareholder. The legal representative is Zhu Xiaotong, president of Tesla China, and the main personnel include Zhang Jing, Todd Andrew Maron, Marc Jesus Cerda, etc. On July 10, Tesla signed an agreement with Shanghai Lingang Management Committee and Lingang Group to build a Tesla super factory integrating R&D, manufacturing, sales and other functions.(Lithium - Ion Battery Equipment)
This super factory, named "Dreadnought Ship", will also become Tesla's first super factory outside the United States. With advanced electric vehicle production technology, the annual output will reach 500,000 vehicles. Tesla said that it would inject 2 billion dollars into the factory through loans from local banks in China.
Tesla's operations in China will set a precedent in the automotive field. This is due to China's implementation of the policy of "canceling the restrictions on foreign shares of special purpose vehicles and new energy vehicles in 2018" in the 2018 version of the negative list of foreign investment.
James Chao, managing director of IHS Asia Pacific and automotive industry analyst, said: "Not establishing a joint venture means Tesla can fully enjoy all the profits, and can fully control the entire production process without being subject to others. The benefits must outweigh the disadvantages. But Tesla still needs a long-term plan to grow in this market."
However, when Tesla's registered capital in China was changed, as of the closing of September 7, Tesla's share price had dropped by more than 6%, and the intraday drop had once exceeded 10%. The reason is that Dave Morton, the chief accounting officer who has been in office for less than a month, announced his resignation on September 4. In addition, Gabrielle Toledano, head of personnel at Tesla, also disclosed his intention to leave.
On August 2, Tesla released its financial report for the second quarter of fiscal year 2018, which showed that Tesla continued to burn money, with its net loss expanding to $740 million, nearly doubling year on year, and also higher than the analyst's expectation of $630 million. The loss per share was $4.22, also higher than the $2.88 expected by analysts. However, with the mass production of Model3, Tesla's revenue increased by 43% in the second quarter, reaching $4 billion. Musk has said that it will be profitable in the second half of this year.
As of June this year, Tesla's cash flow further decreased from 2.7 billion dollars in the previous quarter to 2.2 billion dollars. Cash flow, which will also determine whether Tesla can repay and maintain normal operation without financing.
In May this year, Tesla (Shanghai) Co., Ltd. obtained the business license, and TESLAMOTORSHKLIMITED is a wholly-owned shareholder. The legal representative is Zhu Xiaotong, president of Tesla China, and the main personnel include Zhang Jing, Todd Andrew Maron, Marc Jesus Cerda, etc. On July 10, Tesla signed an agreement with Shanghai Lingang Management Committee and Lingang Group to build a Tesla super factory integrating R&D, manufacturing, sales and other functions.(Lithium - Ion Battery Equipment)
This super factory, named "Dreadnought Ship", will also become Tesla's first super factory outside the United States. With advanced electric vehicle production technology, the annual output will reach 500,000 vehicles. Tesla said that it would inject 2 billion dollars into the factory through loans from local banks in China.
Tesla's operations in China will set a precedent in the automotive field. This is due to China's implementation of the policy of "canceling the restrictions on foreign shares of special purpose vehicles and new energy vehicles in 2018" in the 2018 version of the negative list of foreign investment.
James Chao, managing director of IHS Asia Pacific and automotive industry analyst, said: "Not establishing a joint venture means Tesla can fully enjoy all the profits, and can fully control the entire production process without being subject to others. The benefits must outweigh the disadvantages. But Tesla still needs a long-term plan to grow in this market."
However, when Tesla's registered capital in China was changed, as of the closing of September 7, Tesla's share price had dropped by more than 6%, and the intraday drop had once exceeded 10%. The reason is that Dave Morton, the chief accounting officer who has been in office for less than a month, announced his resignation on September 4. In addition, Gabrielle Toledano, head of personnel at Tesla, also disclosed his intention to leave.
On August 2, Tesla released its financial report for the second quarter of fiscal year 2018, which showed that Tesla continued to burn money, with its net loss expanding to $740 million, nearly doubling year on year, and also higher than the analyst's expectation of $630 million. The loss per share was $4.22, also higher than the $2.88 expected by analysts. However, with the mass production of Model3, Tesla's revenue increased by 43% in the second quarter, reaching $4 billion. Musk has said that it will be profitable in the second half of this year.
As of June this year, Tesla's cash flow further decreased from 2.7 billion dollars in the previous quarter to 2.2 billion dollars. Cash flow, which will also determine whether Tesla can repay and maintain normal operation without financing.
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