A comprehensive analysis of Tesla’s development in China

Abstract

In the past 10 years, Tesla, with its disruptive technology and excellent product power, has worked hand in hand with the upstream and downstream of China’s new energy industry, leading the fundamental change in the automotive industry. Since 2014, the number of Tesla car owners in China has grown from 15 to more than 1.7 million, and Tesla Shanghai Gigafactory continues to export “Chinese samples” of intelligent manufacturing to the world. At the same time, in the past decade, the number of new energy vehicles in China has jumped from 216,400 units to more than 20 million. According to the data of the Passenger Association, in the first two weeks of April 2024, the new energy retail penetration rate of China’s passenger car market has exceeded 50%. Tesla continues to reshape the field of transportation and travel with innovative technologies. From electric vehicles, to energy storage devices, to artificial intelligence and robots, Tesla’s business landscape has far exceeded the ordinary sense of electric car companies. Musk has announced that on August 8, Tesla will release its latest Robotaxi driverless taxi, which media say may usher in the next industrial revolution. These are the keypoints of this paper.