The Digital Source For China's Tech Innovation Since 2000

Search
Close

Tesla's Chinese Operating Revenue Reached USD1 Billion In 2016

March 7, 2017
Business | Gadgets & Electronics

American electric car maker Tesla achieved good performance in China and reportedly realized over USD1 billion operating revenue in this market in 2016.

Tesla's chief executive officer Elon Musk previously predicted that in the future China would become the largest market for Tesla, and Chinese media are chiming in with reports this week of the company surpassing USD1 billion last year for the China market.

Tesla's total operating revenue globally in 2016 was over USD7 billion and its Chinese operating revenue accounted for over 15% of the total. Meanwhile, the company's operating revenue in America more than doubled, reaching USD4.2 billion.

Tesla entered the Chinese market in 2014 and it achieved outstanding performance at the beginning. However, the company encountered a series of problems such as slow delivery and consumers' worries about charging. In 2015, Tesla's operating revenue in China dropped by one-third.

To solve the battery life issue, Tesla promised to launch a new converter to allow car owners to charge at state-owned charging sites in China.

About 97% of Tesla's operating revenue was from its car business and its other revenue sources included energy generation and storage business.

However, in the past few days, Chinese media have been rife with reports of a Tesla catching on fire while charging. The images have been plastered over social media and on leading news websites. This bad publicity may be a setback for Tesla's growth in China over 2017.

Tags: automobile | electric car | Elon Musk | Shanghai | Tesla | USA

Other Related News:

CMMB Lands In Beijing, Shanghai And Shenzhen

May 6, 2008

The Village Grouch: Stop Comparing Technological Strengths Of China and India

September 2, 2004

China Mobile Plans To Build Over 3000 3G Base Stations In Shanghai

April 21, 2008

eBay Eachnet Gets Fully Connected With eBay U.S.

June 24, 2008

Gobi Fund Attracts IBM, NTT DoCoMo, Goldbond

December 17, 2003

Mobile X-Ray Equipment Market Research with COVID-19 -GE Healthcare, Konica Minolta, Siemens Healthcare, Shimadzu, Canon, Carestream (ONEX), FUJIFILM Healthcare, Philips, OR Technology, Agfa-Gevaert, Sedecal, Orthoscan, RadmediX, SternMed, ECOTRON, Source-Ray, IBIS S.R.L, Technix, Mindray, ITALRAY, Skanray Technologies, Landwind Medical, Wandong Medical, Shenzhen Angell Technology, United Imaging, Perlove Medical

August 28, 2021

Green stocks such as BYD and CATL are red hot again, as Chinese stocks flirt with bull market

July 11, 2022

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Sold by Cypress Asset Management Inc. TX

November 30, 2021

Chinese teen sold by his birth parents, rejected by them again and bullied online found dead on a beach

January 25, 2022
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
Menu
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
© 2022 ChinaTechNews.com. A Service of Asia Media Network.
Twitter
Posting....