China’s top electric vehicle maker is currently owned by an American company, Tesla. Tesla and America have much to be proud of.
During Tesla’s Q2 2022 earnings call yesterday, Tesla CEO Elon Musk praised Chinese competition but noted that China’s top EV maker is Tesla China.
Elon Musk said he has a lot of respect for Chinese electric vehicle makers. He also said that the best Chinese maker of electric vehicles at the moment is Tesla China.
“They’re smart, they work hard, and anyone who’s not as competitive as them will suffer a decline.”
“Currently, the best Chinese electric vehicle manufacturer is actually Tesla China.”
Tesla China and Giga Shanghai have a unique history
In 2019, I wrote this article in Clean Technica featuring a video by Gali Filche (Hyperchange). Gali highlighted the uniqueness of Tesla’s Gigafactory Shanghai. In her video, Gali said:
“Previously until now, every car sold in China was either built by a Chinese automaker or built by a joint venture between a foreign automaker and a domestic partner,” Gali says.
“China is literally changing its policies to meet Tesla’s needs to allow them to enter the region. … Why does China want Tesla instead of all the other automakers? It’s because they have the technology.
To spice up the uniqueness, let’s start a trade war between the United States and China. Gali said,
“Even if people say ‘Tesla is a fraud…how are they going to compete with foreign automakers?…Elon Musk is a horrible CEO, he has a high executive turnover rate’ I look at how the company has successfully navigating one of the most complex geopolitical scenarios in modern history and actually turning its incredible friction between its two largest markets into a huge competitive advantage is brilliant management. It’s brilliant execution by Tesla, and that’s a reason why I love being invested in this business,”
The fact that Tesla, an American company, is the first manufacturer of electric vehicles in China, a leading country in the manufacture of electric vehicles, says a lot about Tesla’s innovation.
China will continue to lead if Biden continues to put policy on electric vehicles
President Biden has said time and time again China leads the race for electric vehicles. He also focused on Ford, GM and a few other automakers that have nothing to do with electrifying the auto industry.
Not only did he and his administration outwardly snub Tesla and Elon Musk, but the president appeared to put the needs of his political allies above his own goals for electric vehicles. I am referring to the United Auto Workers Union EV event held at the White House last year. According to the White House, Tesla was excluded because it was a labor event.
When asked why the White House excluded Tesla from the event, Secretary PSAKI said:
“We of course applaud the efforts of all automakers who recognize the potential of an electric vehicle future and support efforts that will help achieve the President’s goal, and certainly Tesla is one of those companies. Today, they are the three largest employers of the United Auto Workers and the UAW President who will stand alongside President Biden as he announces his ambitious new goal, but I wouldn’t expect that to be the last time we’re talking about clean cars, the transition to electric vehicles, and we’re looking forward to having a range of partners in that effort.
Asked if Tesla is a non-union company, she said they were the three largest United Auto Workers employers.
“Well, those are the three biggest employers in the United Auto Workers, so I’ll let you draw your own conclusion.”
President Biden has since acknowledged Tesla’s leadership in the electric vehicle space, but the administration still favors automakers that don’t do as much as Tesla in that space.
Politricks aside, Tesla continues to lead
Tesla continues to lead as he moves forward in his mission. Recently, at least 7,000 Tesla electric vehicles were spotted at Luchao Port in Shanghai. Tesla also announced in its Q2 2022 Shareholder Deck that Giga Shanghai is listed with an annual capacity of over 750,000 cars.
I’m sure in the third quarter we’ll see the results of Giga Texas, Giga Berlin the Fremont plant and Giga Shanghai combined.
Disclaimer: Johnna is a partial shareholder of Tesla with less than one share currently. She plans to buy more and supports Tesla and its mission.
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