Tesla's 2018 annual report of China affairs

A. Shanghai factory can put into production on schedule face some uncertain factors, at the end of 2019, localization of only part of the decoration Model 3 ( 某些修剪) ；

on February 19, tesla issued with the securities and exchange commission ( SEC) Submit annual report in 2018 ( 10 - K table, hereinafter referred to as the tesla annual report) For the company's operating conditions, product planning and potential risks, etc. The annual report, tesla's business in China and Shanghai factory information is disclosed.

on October 17, 2018, tesla announced in September. 7. 3 billion yuan won the Shanghai lingang equipment zone a 864885 square meters of industrial land; On January 7, 2019, tesla to break ground in Shanghai factory.

tesla CEO elon musk, according to the Shanghai factory needs about $2 billion ( RMB 13. 8 billion) Investment. The money from?

tesla earnings, according to data released in 2018, the company's net loss for the 9. 7. 6 billion dollars. Although loss reduced compared to 50. 2%, but still it is hard to bear the cost of the Shanghai factory.

musk has said that to seek funding to build Shanghai factory in China. Tesla's annual report also confirmed that the main investment from Shanghai factory & other; China's local financial borrowing & throughout; . Besides, tesla will be in Shanghai factory & other; Limited direct investment & throughout; 。

tesla's annual report, said the next two years, tesla plans to spend about 25 every year $3 billion for new product planning, continue to work with partners to produce batteries, infrastructure construction and super factory (1 In Nevada, USA) , no. 2 (super factory Located in New York, USA) And the expansion of Shanghai super factory.

caixin reported that currently, tesla is seeking bank loans (in the form of syndicated Syndicated loans, that is, two or more Banks based on the same loan terms, according to the same loan agreement, according to the agreed time and proportion, to the borrower through an agent in local and foreign loans or credit business) , domestic Banks are actively strive for winning.

in addition, for tesla to build such a project in China, Chinese local rushed to offer incentives, whether land or policy, there are preferential treatment. Tesla was China as & other; Promoters for the steady development of china-us relations & throughout; 。

tesla's annual report, said although the Shanghai factory has to break ground in January 2019, but still face some uncertain factors, including has yet to gain permission management, supply chain tension, production equipment installation progress and promoting the uncertain can formally put into production on schedule.

here & other; Permission management & throughout; Means usually said the new energy automobile production qualification. To get production qualification, tesla need to complete two tasks:

first, January 10, 2019, the automotive industry investment management regulations start formal implementation, according to the regulation, car all investment projects will be subject to approval by the central to local filing management, namely to Shanghai local registration;

second, of cars eligible for investment projects through the place for the record, still need to enter the ministry's announcement of road motor vehicle production enterprises and products, this is finished & other; Permission management & throughout; Program, get products production and sales of qualifications.

caixin quoted an official of the Shanghai municipal development and reform commission (NDRC) line, tesla had finished the government for the record, and become the first to complete the record of new energy automobile enterprise in Shanghai. That is to say, the next step, as long as get access to the ministry, & other; Permission management & throughout; Will no longer be tesla's Shanghai plant uncertainties.