Automundo China

Tesla to make 4680 cells and CAM in?house, cutting reliance on Chinese suppliers by 2027

In this morning's edition, Tesla's decline continues, and China's tight control of magnet exports is changing how automakers think about assembly.

The company saw major year-over-year sales declines across Europe and China.

Tesla's EV sales also continued to plummet across much of Europe last month, as its aging model lineup and CEO Elon Musk's political activities deterred buyers

On June 3, Tesla Inc.'s (NASDAQ:TSLA) Model 3 and Model Y vehicles were included in a Chinese government-backed campaign to boost sales of electric and hybrid vehicles in rural areas.

Tesla China sales are weakening, but investors are focused on the Austin robotaxi launch.

BYD Vice President Stella Li revealed to journalists in Brussels that BYD also wants to build a network of megawatt charging stations for electric cars in

According to data from the China Passenger Car Association, Tesla's sales of China-made electric vehicles in May fell by 15% year-on-year, totaling 61,662 units. This statistic includes the domestic sales and export volume of the Model 3 and Model Y produced at the Shanghai Gigafactory. This marks the eighth consecutive month of year-on-year sales decline for Tesla in the world's largest automotive market. However, compared to April, the delivery volume of the domestic Model 3/Y saw a slight month-on-month increase of 5.5%. It is noteworthy that Tesla's electric vehicle sales continue to decline in most regions of Europe. Faced with strong competition from local automakers, especially BYD's impressive performance with a 14.1% year-on-year increase in passenger car sales to 376,930 units in May, Tesla's market pressure continues to intensify. The current Chinese electric vehicle market is caught in a heated price war, with over 40 participating brands. Since 2023, although Tesla was the first to significantly reduce prices, it still faces challenges from local competitors offering high-performance products at lower prices

Alexander Potter, a top analyst from Piper Sandler, revealed that Tesla ($TSLA) “has a plan” to reduce its battery sourcing from China. The five-star analyst highli...