china’s tesla challenger nio ‘not worried’ by tariff cuts, sees customer service as providing edge over us competitors
Neo, known as the Tesla Challenger in mainland China, has stepped up its pace to consolidate its foothold in mainland electric vehicles (EV) Market, launched a second model for a wider customer base. William Li Bin, chairman and founder of Shanghai The US-based electric vehicle manufacturer says- Due to the strong demand for electric vehicles in the world\'s largest auto market, the impact of exports to China on sales of cars to Neo is very small. According to economic news reports, in October, the company\'s ES8 model sold more than 2,059 vehicles, surpassing Tesla, which sold 211 vehicles in the mainland that month, down year on year. Previously, the company raised prices by about 25 cents due to Beijing\'s tariffs, according to the China Passenger Car Association. Tesla objected to the numbers without revealing the exact numbers. ES8 is the first one launched by Nio at the end of 2017- Seat SUV priced at 448,000 yuan (US$64,927) Before subsidies Made in China 2025: The world\'s largest car market hopes to become the most powerful electric vehicle manufacturer \"because Tesla has a longer history and is a leader in the field of electric vehicles, we still have a lot to learn, li said. \"But we also have our own advantages, such as our customer service model and battery replacement system. ”The Shanghai- A us-based company raised $1. 15 billion through its initial public offering in September, ES6 sport was launched on the New York Stock Exchange- Utility Vehicle (SUV) Its second production model on Saturday marks its entry into a more affordable area. Since entering the market in September 12, the shares have risen by 23 percentage points. They closed at $7. In New York on Friday, prices rose from $6 to $70. 25. The car with a mileage of 510 kilometers is subsidized at a reserve price of 358,000 yuan. ES6 used high Efficiency permanent magnet motor-responsible for medium and low- High speed daily driving and high speed driving High-performance induction motors started to provide additional acceleration and speed. ES6 is the world\'s first electric vehicle to use both permanent magnet motors and induction motors, he said. In Shanghai, ES6 is priced at 300,000 yuan after deducting 60,000 yuan of comprehensive subsidies from the central and local governments. On Friday, Beijing announced it would remove an additional 25-cent punitive tariff on cars imported from the United States. A few hours later, Tesla announced that it would cut the price of its models on the mainland accordingly. China has cut tariffs on U. S. car imports by three months, which could be good for US carmaker Tesla -- The sports cost of Tesla Model S. 75D is 742,300 yuan. Tesla is building a factory in Shanghai with an annual output of 500,000 vehicles, which will help it make Chinese customers more affordable. Followed by another Chinese electric vehicle, Xpeng Motors -- Start delivering the first batch of five- G3 suv on Wednesday. The price of the G3 suv is between $29,000 and $41,000. China\'s auto market is likely to usher in a yearon- Sales fell this year for the first time since 1992. However, new- In the first 10 months of this year, energy car sales reached 860,000, an increase of 75. 6 percentage points higher than the same period in 2017. \"I am still bullish on China\'s auto market, especially the electric car market, because it is a new growth engine in China,\" Li said . \". \"Neo will continue to focus on building high High performance, high End the electric car chase further growth. The article said that China\'s Tesla Challenger was \"not worried\" about tariff cuts and believed that customer service was more advantageous than American competitors, appearing in the South China Morning Post for the first time, learn the latest news of the South China Morning Post download our mobile app. Copyright 2018.