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China Tesla Demand Is Spiking

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Published on October 3rd, 2019 |

by Guest Contributor

China Tesla Demand Is Spiking

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October 3rd, 2019 by Guest Contributor

Originally posted on X Auto and EVANNEX.
By Iqtidar Ali

Tesla Model 3 and Model X demand are skyrocketing in China, especially since the Chinese government gave a 10% car purchase tax exemption to Tesla last month — a sign of aggressive electric vehicle policy implementation by China.

A large number of Tesla Model 3, Model S, and Model X vehicles outside the Beijing Department of Motor Vehicles (Source: Jay In Shanghai)

There are several reports coming out of Beijing and Shanghai about massive amounts of deliveries happening via Chinese Tesla stores. As evidenced in the featured image above, Teslas have flooded Beijing’s Department of Motor Vehicles in order to obtain license plates. In addition, below is a short video from outside the Beijing DMV that shows a long line of Model 3s at the facility.

Meanwhile, Chao Zhou is consistently updating the Tesla community about Gigafactory 3 developments by reporting directly from the ground. Chao recently visited the Tesla Shanghai Jinqiao Store and the number of Model 3 sales he saw at the location was nothing short of astonishing.

According to Chao’s meeting with Tesla staff at the Jinqiao Store, a surge in Model 3 orders occurred post-tax exemption. Crunching the numbers, the Jinqiao Tesla Store alone is expected to accumulate 3,000 orders by the end of this month.

It’s quite conceivable that Tesla China will deliver these cars by the end of October, which should bolster Tesla’s Q4 delivery report.

In addition, large numbers of Model X vehicles also await delivery — proof of the popularity of Tesla’s SUV in China. It turns out even Elon Musk used a Model X convoy on his Shanghai visit recently.

China’s 10% tax exemption drops the purchase price of the Tesla’s electric cars by up to 99,000 yuan ($13,960), according to Reuters. Needless to say, this big discount is attracting a lot of attention from Chinese auto buyers searching for a reliable, premium electric car.

The Tesla China website states that the maximum tax break obtainable on a Model 3 is ¥52,000 ($7,345). This tax break can be realized on Model 3’s highest priced variant. For more details, Tesla’s website has a tax incentive info page covering the policy details of every Chinese region.

And it’s not just new Teslas in high demand. According to Quartz, “Nobody wants a used electric vehicle in China, unless it’s a Tesla.” It’s reported that, “A Tesla’s residual value—basically the future value of a car after a certain amount of use—at one year is more than 70% of its original price, far higher than the value of any Chinese EV model at the same mark.”

Tesla’s traction in China (YouTube: CNA)

Meanwhile, Tesla’s Gigafactory 3 buildout remains in “ludicrous” mode. The company’s Model 3 assembly lines are already in place and other parts of the huge complex are nearing completion.

According to Reuters, “Tesla Inc’s China factory aims to start production this month.” Furthermore, CleanTechnica reports, “Tesla will cut off orders of the Model 3 Standard Range after October 13th in anticipation of the start of production at Gigafactory 3 in Shanghai, China.”

To that end, in the coming months, Tesla China customers will be able to get their Model 3s delivered far quicker (in larger quantities) from Shanghai’s Gigafactory 3.

Featured image via Tesla

About the Author

Guest Contributor is many, many people. We publish a number of guest posts from experts in a large variety of fields. This is our contributor account for those special people. 😀

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ASI Drives Launches Mark 600, Poised to Replace Internal Combustion Engines

Mark 600 – Heavy Duty Fully Enclosed Transaxle

MONTGOMERYVILLE, PA, USA, 10-Oct-2019 — /EuropaWire/ — ASI Drives introduces the next generation of heavy-duty, fully enclosed transaxles with their Mark 600, set to markedly transform both indoor and outdoor material handling. An evolution of the industry-standard Mark 400, the company designed the new transaxle as a high-performance replacement for applications typically requiring internal combustion engines. The Mark 600 is part of ASI’s Viking Transaxle product line.

“The Mark 600 is possible thanks to recent improvements in battery and electronics technology,” explains John Cross, ASI Drives’ President and CTO. “When combined with our transaxle technology,” he goes on, “these improvements allowed us to develop a new transaxle capable of replacing the internal combustion engine in the outdoor material handling market.” Other markets include outdoor power equipment and floor care.

High-torque and High-speed Configurations

With a large 70 mm mount, the Mark 600 produces up to 270 Nm of torque at 60 RPM under high load in high-torque configurations. Under typical load, high-speed configurations produce 60 Nm of torque at 119 RPM. This makes it suitable for many applications, from motorized wheelbarrows, plane tuggers and trailer movers to personal scooters, large floor-cleaning machines and more.

The Benefits of Thoughtful Design and Engineering

Distinguishing features of the Mark 600 include: single-piece casting for precision gear alignment and quieter operation; bolt-on tube extensions for multiple widths without retooling; high-strength bevel gear differentials; available robust permanent magnet DC motors; easily replaceable motors and brushes; service intervals exceeding 2,000 hours.

Highly Customizable Feature Set

ASI can configure the Mark 600 to meet the demands of a variety of applications. Reduction ratios range from 24:1 to 36:1. Standard widths range from 237 mm to 596 mm, with custom widths available. Motor options include permanent magnet DC 4-pole and brushless AC and DC motors, available in 122 mm and up to 152 mm diameters, respectively. Voltages range from 12 V to 48 V DC. Axles can be hubs or custom.

To learn more about the about the Mark 600, visit asidrives.com/Mark600. To learn about other solutions by ASI, visit asidrives.com/offerings or call 215-661-1002.

About ASI Drives

Since 1986, ASI Drives has designed, engineered and manufactured industry-leading gear-drive systems and transaxles out of their facility in Montgomeryville, PA, USA. The firm’s products receive global recognition for their robust construction and worry-free dependability. ASI is a known and trusted partner to companies ranging from small, independent startups to large multinational firms.

Media contacts:

John Cross
209 Progress Drive Montgomeryville, PA 18936
Phone: 215-631-3716
Fax: 215-661-1009
asidrives.com

SOURCE: ASI DRIVES

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