November 14, 2020 By Joanna Creeder
Tesla’s in-China model Y threatens NIO’s growing dominance in the electric SUV segment of the Chinese electric vehicle (EV) market. Bloomberg Analysts.
NIO, a 100% electric vehicle startup based in China, has been performing brilliantly lately. However, it was a bit of an internal punch when Citron Research called it a barrage, citing increased competition. NIO’s increased competition from Tesla will be intensified by the launch of Tesla’s new vehicle in the country, its China Model Y. Bloomberg Intelligence analysts said Tesla’s locally-made crossover would give NIO a run for its money. “Tesla’s brand cassette and extensive distribution network could drive sales of its Model Y unit above NIOs.” Bloomberg Report.
The article also pointed out that the competition between Volkswagen, Toyota and Daimler is intensifying as they have some of their attention-grabbing EVs. Creating begins to change.
William Lee, CEO of NIO, talked about the differences between the branding of companies, which makes it seem as if he is indifferent to the competition around him. “There’s a clear difference in branding,” Lee said.
Yahoo! Finance Note that Tianfeng Securities had predicted that Tesla would raise the price of its Model Y in China to the U.S. Its current price will drop from $ 49,900,000 to ,000 41,000. The firm estimates that Tesla’s monthly Model Y sales could reach 30,000 units. In comparison, the NIO ES6 SUV starts at 54,000. Bloomberg“The second length of price reductions for premium electric vehicles in China could be on the horizon, provoking what could be fierce competition,” said Steve Mann.
BREAKING: elaTelacn completed the MIC Model Y filing and is now listed as registered with China’s Ministry of Industry and Information Technology. The photo below clearly shows that it is a model Y made in a quiz in which it has the badge of it (Tesla in Chinese). Stay tuned for updates. pic.twitter.com/cXFUyJET0W
– Ray 4️⃣ Tesla: November 5, 2020
Earlier this month, Tesla noted its Model Y with the Chinese Ministry of Industry and Information Technology, which suggested starting production there, following the Chinese government’s final production permit. In the tweet above, Ray4 Tesla shared that Tesla China completed the filing of the Made-in-China (MIC) Model Y, and noted that it is registered with the Ministry of Industry and Information Technology of China.
Ray shared two photos in his tweet. The first was a document showing the filing of a Model Y in the Chinese government and the second was a Tesla Model Y with a standard-China badge on every vehicle manufactured by the Tesla Giga Shanghai factory.
More recently, a disguised prototype of what is considered the in-China model Y, was spotted while testing the route. Wu Wei shared a video on YouTube and noted that on November 6, Giga was passing by the west gate of Shanghai when he was returning to his original location. There, near the west gate, he saw a fully disguised car ready to enter the fir factory.
“I immediately realized that this car must be the MIC Model Y that everyone has been talking about lately. Was going. , ”He noted in a video description.
MIIT approves Tesla MIC Model Y for sale # China, Local media reports citing MIIT #NEV Model list.
According to estimates, it usually takes 2-3 months between MIIT approval and 1st delivery. pic.twitter.com/875WkEmAJD– Moneyball Ball (@ Decurac) November 6, 2020
In the tweet above, Manib Ball Lay shared that MII has approved Tesla’s in-China model Y for sale, and also shared some specs:
- Length (mm) 4,750.
- Width (mm) 1,921.
- Ight height (mm) 1,624.
- Wheelbase (mm) 2,890.
- Total mass (kg) 2.415.
- Curb weight (kg) 1,997.
- Motor (KW) 137 (FW) / 180 (RW).
- Maximum speed (km / h) 217.
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About the author
Jonah Creeder is a baton rug artist, gem, and mineral collector, member of the International Like Congregation, and a Tesola shareholder who believes in Elon Musk and Tesla. Elon Musk advised him to “bill in good” in 2018. Tesla is one of the many good things to believe. You can find Jonah on Twitter
