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Musk: announce the location of the Chinese battery plant this year

On May 3rd, tesla released the first quarter financial report. The financial report showed that the first quarter revenue of tesla was $ 3.409 billion, higher than $ 2.696 billion in the same period of last year, and the net loss was $ 785 million, which was expanded compared with the net loss of $ 372 million in the same period of last year. Later, musk said he would soon announce the location of the Chinese battery plant.

Tesla, according to the fourth quarter of this year will be announced before the second super battery factory specific address in China, will also take into account future super battery factory building cars.

Message is not an accident, tesla into China in the middle of April, there are media reports that high-end BBS on China's auto industry group, the relevant person in charge of has revealed, tesla will wholly owned factory in China in 2018.

"The proposal to liberalize the shareholding ratio of the joint venture has been studied, and it is now said that it will be announced before the second half of the year," the source said. There are also sources said, "the ratio of the latest plan will come out before the National Day, including a clear policy and specific adjustments. Because a lot of things need to be in place before the end of the year"This person said.

To establish Chinese battery factory belongs to tesla's good news, but continued losses, but not ideal.

The financial report showed that the first quarter revenue of tesla was $ 3.409 billion, higher than $ 2.696 billion in the same period of last year, and the net loss was $ 785 million, which was expanded compared with the net loss of $ 372 million in the same period of last year.

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Huang | Director of R&D

With 20+ years of experience in lithium battery engineering, Huang specializes in battery selection, system design, and certification compliance for industrial and device-level applications.

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