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November 14, 2020 through Johnna crider
Tesla’s China-made Model Y threatens NIO’s growing dominance in the electric SUV segment of China’s electric vehicle (EV) market, according to Bloomberg analysts.
NIO, a 100% electric vehicle start-up based in China, has been doing wonders lately. However, it took a bit of courage when Citron Research issued a bearish appeal, citing increased competition with Tesla. Increased competition from Tesla’s NIO will become more intense with the launch of Tesla’s newest vehicle in the country, its China-made Model Y. Bloomberg Intelligence analysts have pointed out that Tesla’s locally-made crossover will give NIO a run for it. his money. “The cachet of the Tesla brand and its wider distribution network could push its sales of Model Y units above those of NIO” Bloomberg reported.
The article also pointed out that competition from Volkswagen, Toyota and Daimler is adding to the intensification as they begin to focus on making compelling electric vehicles.
NIO CEO William Li spoke of a difference in corporate branding, giving the impression that he is indifferent to the competition that is mounting around him. “There is a clear differentiation in branding,” Li said.
Yahoo! Finance noted that Tianfeng Securities predicted that Tesla would lower the price of its Model Y in China to $ 41,000 from its current price of $ 49,900 in the United States. The company estimates monthly sales of the Tesla Model Y could reach 30,000 units. By comparison, an NIO ES6 SUV starts at $ 54,000. BloombergSteve Man said: “Another wave of price cuts for premium electric vehicles in China could be on the horizon, sparking what could be an intense rivalry.”
BREAKING: @Tealacn has completed the MIC Model Y filing and it is now listed as registered with the Chinese Ministry of Industry and Information Technology. The photo below clearly shows that this is a Model Y made in ?? because it has the badge of 特斯拉 (Tesla in Chinese). Stay tuned for updates. pic.twitter.com/cXFUyJET0W
– Ray4️⃣Tesla⚡️?☀️? (@ ray4tesla) November 5, 2020
Earlier this month, Tesla registered its Model Y with China’s Ministry of Industry and Information Technology, which indicated it would start production there, following the Chinese government’s final production permit. In the tweet above, Ray4Tesla said that Tesla China has completed filing for a China-made Model Y (MIC) and noted that it is listed as registered with China’s Ministry of Industry and Technology. information.
In his tweet, Ray shared two photos. The first was from a document that showed the Model Y’s filing with the Chinese government and the second was a Tesla Model Y with the China-made badge that is standard on every vehicle manufactured by the Tesla Giga factory in Shanghai.
More recently, a camouflaged prototype of what is believed to be the Chinese-made Model Y was spotted during road tests. Wu Wa shared a video on YouTube and noted that on November 6, he was passing through the west gate of Giga Shanghai on his way back to the original location. There he saw a fully camouflaged car parked at the west gate ready to enter the fir factory.
“I immediately realized this car must be the MIC Model Y everyone was talking about recently, I quickly pulled out my camera to shoot, and when I ran to the bridge the ‘camouflaged car’ had entered. slowly in the factory. “, He noted in the video description.
MIIT Approves Tesla MIC Model Y For Sales In #China, local media reports citing MIIT new #NEV list of models.
It is estimated that it usually takes 2-3 months from MIIT approval to the first deliveries. pic.twitter.com/875WkEmAJD– Moneyball (@DKurac) November 6, 2020
In the tweet above, Moneyball shared that MII approved Tesla’s Chinese-made Model Y for sales, and also shared some specs:
- Length (mm) 4750.
- Width (mm) 1,921.
- Height (mm) 1,624.
- Wheelbase (mm) 2890.
- Total mass (kg) 2.415.
- Empty weight (kg) 1.997.
- Motor (kW) 137 (FW) / 180 (RW).
- Max speed (km / h) 217.
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About the Author
Johnna Crider is a Baton Rouge artist, gemstone and mineral collector, member of the International Gem Society, and a Tesla shareholder who believes in Elon Musk and Tesla. Elon Musk advised him in 2018 to “believe in good”. Tesla is one of the many good things to believe. You can find Johnna on Twitter
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