Latest news with #Gigafactory
New York Times
11-04-2025
- Automotive
- New York Times
Tesla Halts Orders in China on U.S. Imported Models
Tesla has stopped accepting new orders in China for two car models that it imports from a factory in the United States, after the Chinese government imposed steep tariffs on American imports. On Friday, Tesla's website in China removed the 'order' button from the Model S sedan and Model X sport utility vehicle. Customers still have the option of purchasing one of those models, produced at its Fremont, Calif., factory, if the company has existing inventory. Tesla did not explain why customers could no longer order those models, but the change came a day after China raised its import tariffs on U.S. goods to match the level of President Trump's so-called reciprocal tariffs at the time. Since then, Mr. Trump raised tariffs an additional 41 percent to punish Beijing for its retaliatory move, bringing the total duty on imports from China to 145 percent. On Friday, China countered by also lifting its tariffs another 41 percent on American imports, starting on Saturday. Tesla is still selling the Model S in a few Chinese cities where it has inventory. The Model S and Model X, two of the company's more expensive offerings, are not big sellers in China. Tesla did not immediately respond to an email for comment. Elon Musk, Tesla's chief executive and an aide to Mr. Trump, has not openly criticized the president's tariff campaign, but he has made veiled remarks advocating for all tariffs to be removed. He has also publicly feuded with Peter Navarro, a White House senior adviser and one of the architects of Mr. Trump's trade policy. Tesla operates an automobile factory and a battery plant in Shanghai. The Gigafactory, which opened in 2020, was Tesla's first car factory outside of the United States. At the Shanghai facility, the company produces the Model 3 midsize sedan and Model Y sport utility vehicle for sale in China and export abroad. Among foreign automakers, Tesla has one of the coziest relationships with the Chinese government. Tesla's Shanghai Gigafactory was the first automobile factory in China to gain approval to be wholly owned by a foreign company without a domestic partner. Mr. Musk has gained unusual access to senior Chinese leaders, working closely with Li Qiang, China's premier who used to be the top official in Shanghai. In March, Tesla's sales of its China-made cars fell 11.5 percent compared to a year earlier, according to the China Passenger Car Association. Tesla has struggled to fend off Chinese competitors from aggressively chipping away at its market share in China. The company's main competitor, BYD, marked a 23 percent increase in sales during the month.
Yahoo
09-04-2025
- Automotive
- Yahoo
United States (USA) Battery Energy Storage System Market worth $7.02 billion by 2029 - Exclusive Report by MarketsandMarkets™
DELRAY BEACH, Fla., April 9, 2025 /PRNewswire/ -- The US Battery Energy Storage System market is expected to reach USD 7.02 billion by 2029, up from USD 2.13 billion in 2024, at a CAGR of 26.8% from 2024 to 2029 according to a new report by MarketsandMarkets™. The increasing demand for Battery Energy Storage Systems (BESS) in the US is driven by factors such as increasing mandates to integrate intermittent renewable energy sources like solar and wind into the grid and the growing need to bolster grid resilience against extreme weather and potential disruptions. Along with this, the strong government incentives such as the Inflation Reduction Act, which offers significant tax credits and support to manufacturers are further driving the rapid deployment of BESS solutions. View detailed Table of Content here - The installation of large-scale energy storage systems in the US is projected to rise significantly throughout 2024, driven primarily by a few leading states. According to data from the Energy Information Administration (EIA) released in January 2024, US energy storage system deployment is expected to nearly double in 2024, with battery capacity forecast to increase drastically. The two states i.e. California and Texas have installed the highest number of energy storage systems. Lithium-ion battery segment to dominate the battery type segment of the market during the forecast period. Lithium-ion batteries will lead the US BESS market with their higher energy density, efficiency, and falling prices, making them suitable for various applications, ranging from rooftop solar storage to utility-scale grid support. As of 2025, Li-ion technology represents the majority of new deployments of BESS in the United States, powered by advances in manufacturing scale such as Tesla's Gigafactory production and a resilient supply chain that has lowered costs by almost 20% a year over the last decade. Additionally, the major factors driving the growth of the li-ion batteries is their quick response times which is vital for grid ancillary services such as frequency regulation, high cycle life (up to 10-15 years with effective management), and suitability for renewable energy integration, which is in line with the US drive towards a 50% renewable energy blend by 2030. With continued R&D enhancing safety and recycling efficiency, Li-ion's supremacy is likely to continue, cementing its position as the backbone of the US BESS market for at least up to 2030. Download PDF Brochure: On-grid connection segment to dominate the BESS market during the forecast period. On-grid systems form a critical part of the BESS market in the US, serving large-scale energy storage by storing excess electrical energy when there is high generation. For instance, sunny or windy days with high solar and wind generation, or low demand, such as nighttime hours. The major uses of on-grid BESS in the US are load leveling for supply-demand balance, peak shaving to offload strain during periods of high usage such as summer afternoons, and power demand management for grid stability. These functions match the needs of US consumers and utilities, and on-grid BESS thus becomes a key element of America's new energy infrastructure. Utility application segment to hold a substantial market share in the BESS Market. Utility-scale deployments in the US BESS industry will gain a considerable market share in the forecast period, fueled by growing electricity demand, renewable energy targets, and massive investments in grid modernization. Rising electricity prices, coupled with more frequent power outages caused by extreme weather are some of the factors driving the adoption of BESS among utility companies. Since BESS systems offer the ability to store excess solar energy and provide backup power during outages, they help reduce electricity bills. As awareness of these benefits grows and BESS installation becomes more affordable, utilities will increasingly adopt these systems. Inquiry Before Buying: Key Players The report profiles key players in the US BESS companies such as Tesla (US), GE Vernova (US), Honeywell International Inc. (US), Johnson Control (US), East Penn Manufacturing Company (US), Primus Power Solutions (US), The AES Corporation (US), KORE Power, Inc. (US), and ESS Tech, Inc. (US). These players have adopted various organic and inorganic growth strategies such as product launches, expansions, partnerships, collaborations, acquisitions, and agreements to strengthen their position in the market. Get 10% Free Customization on this Report: Browse Adjacent Market: Semiconductor and Electronics Market Research Reports & Consulting About MarketsandMarkets™ MarketsandMarkets™ has been recognized as one of America's Best Management Consulting Firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe. Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem. The B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our Market Intelligence Cloud, KnowledgeStore™, which integrates research and provides ecosystem-wide visibility into revenue shifts. In addition, MarketsandMarkets SalesIQ enables sales teams to identify high-priority accounts and uncover hidden opportunities, helping them build more pipeline and win more deals with precision. To find out more, visit or follow us on Twitter, LinkedIn and Facebook. Contact: Mr. Rohan SalgarkarMarketsandMarkets™ INC. 1615 South Congress 103, Delray Beach, FL 33445USA: +1-888-600-6441Email: sales@ Our Web Site: Insight: Source: Logo: View original content: SOURCE MarketsandMarkets
Yahoo
04-04-2025
- Automotive
- Yahoo
Canada, Germany and other countries have not 'shut down' Tesla
"Canada makes a bold decision to shut down Tesla and the U.S. auto industry," says a March 31, 2025 Facebook post. Similar posts have used near-matching language to claim that Germany, France, Mexico and China were shutting down Tesla. The rumors have also circulated on Facebook, Instagram, Threads and X. Tesla offices and dealerships across North America and Europe have faced repeated protests and acts of vandalism over Musk's role at the helm of the Department of Government Efficiency, which has ordered massive spending cuts and layoffs in a dramatic overhaul of the federal government. Declining auto sales and increased competition have combined with public backlash against Musk's political activities to send Tesla's stock price sliding in the United States, leading to an unprecedented slump in the company's sales. But despite the elevated scrutiny, none of the countries named in the posts have announced bans on Tesla. In Canada, more than 100 people protested at a Tesla dealership in Vancouver in March. Another smaller demonstration took place elsewhere in British Columbia. Canadian regulators also froze Tesla out of the country's electric vehicle rebate program, with Transport Minister Chrystia Freeland saying the company would not be eligible to participate until "illegitimate and illegal US tariffs" imposed by Trump are lifted. Several provincial and territorial governments have also retaliated against Tesla in response to the heavy US tariffs levied on Canadian goods, in some cases by excluding Tesla from incentive programs supporting electric vehicle purchases. But a spokesperson for Innovation, Science and Economic Development Canada, the agency responsible for industry regulation and economic development, rejected the claims about Tesla being banned outright. "The information conveyed in social media and other online outlets alleging that the Government of Canada has moved to 'shut down Tesla and the U.S. auto industry' is incorrect," Hans Parmar said in an April 2 email. In Germany, Tesla registrations have plunged by over 60 percent compared to the first three months of 2024, and several Tesla cars have been set on fire. However, a spokesperson for the German government told AFP in an April 1 email that any claim the country has shut down Tesla "lacks any basis." Some posts online have linked to an article claiming Germany will shutter Tesla's Gigafactory in the capital, Berlin. But on March 31, Tesla released images showing production ongoing at the factory. AFP found no credible reports in German media indicating that any closure of the location is imminent (archived here). Other posts spreading on social media have claimed the French, Mexican and Chinese governments are ousting Tesla. Those allegations are also baseless. A keyword search revealed no results from government agencies or local media indicating that environmental or economic regulators in any of the three countries have taken steps to halt or restrict sales of Tesla vehicles. Local French media have continued to report on Tesla sales into April, including early data showing a slump in vehicle registration in the country. Mexican media outlets similarly reported on a boycott against Tesla, with coverage detailing a protest at a dealership in Mexico City. Tesla also announced that its factory in Shanghai, China produced more than 170,000 vehicles in the first three months of 2025 -- although its share of the electric vehicle market has reportedly shrunk amid competition with another top competitor. AFP contacted Tesla and the French, Mexican and Chinese governments for comment, but no responses were forthcoming. AFP has previously debunked other claims about Tesla.
Washington Post
11-02-2025
- Automotive
- Washington Post
Tesla opens Megapack battery factory in China amid nascent trade war
Elon Musk's Tesla opened an enormous $200 million battery plant in Shanghai on Tuesday, near its carmaking Gigafactory, deepening the company's investment in China even as its CEO serves in an administration picking a trade war with Beijing. Musk has been busy in Washington — he is spearheading President Donald Trump's effort to radically reshape the federal government through his U.S. DOGE Service — and did not attend the ceremony in China. But the new factory underscores his unusual position as economic tensions between the United States and China escalate. 'If he's not playing things right on the edge, Elon Musk is not comfortable, so he's in his element,' said Michael Dunne, a China auto industry consultant, adding that it reflected Musk's apparent belief that he would innovate faster than everyone else, keeping him in good standing in China. 'That's the perch from which he plans to navigate what will become increasingly turbulent waters,' Dunne said. Those waters now include a widening trade conflict. China implemented tariffs Monday on imports of U.S. coal, liquefied natural gas and other goods in retaliation for Trump's move last week to slap a further 10 percent tariff on all Chinese goods. Beijing has also recently launched antitrust investigations into Google and Nvidia, the artificial intelligence chip juggernaut, and blacklisted PVH, the U.S. fashion giant that owns brands including Tommy Hilfiger and Calvin Klein. And in a move widely seen as an effort to curb China's dominance in the global steel market, Trump signed an executive order Monday imposing 25 percent tariffs on all imported steel and aluminum. The Tesla energy storage factory that was officially opened Tuesday is set to churn out 10,000 batteries, which Tesla calls Megapacks, annually and was built in only seven months. It required one month of negotiation with the government of Lingang, a manufacturing zone in Shanghai, according to a Lingang news release. 'We've witnessed the incredible speed of Shanghai and Tesla once again. I'm excited to have this factory kick off an exciting year for Tesla,' said Michael Snyder, a vice president at the carmaker, according to state news agency Xinhua. Tesla did not respond to requests for comment. The giant batteries, which look like shipping containers, help utilities and large commercial projects smooth out energy demand across a grid and provide electricity in times of peak demand or blackouts. One Megapack, according to Tesla, stores enough energy to power about 3,600 homes for one hour. This is Tesla's first Megapack factory outside the United States — the company operates an energy storage plant in California, which is also capable of producing 10,000 packs annually, according to Tesla's website. China's leadership in the global battery industry makes it a natural place for the company to expand, analysts said. 'There is no better place to manufacture batteries in the world, from scale, quality and cost, than China today,' Dunne said. 'From way upstream all the way through to the manufacture of battery cells, China's got just an overwhelming grip on the industry.' Tesla already has a large car-manufacturing presence in China. Its Shanghai Gigafactory, which opened in 2019 and supplies the Chinese and overseas markets, produced its three-millionth car in October. China is Tesla's second-largest market, after the United States. Beijing was eager to welcome Tesla car manufacturing, experts say, partly to jump-start its own domestic electric vehicle industry and supply chain. That effort worked: Tesla now faces steep competition from domestic carmakers like BYD, which outpaced it in EV production in 2024. Tesla ranked only 10th among car brands in Chinese sales numbers last year, according to the China Passenger Car Association. Chinese state media coverage of Tesla's newest factory has been overwhelmingly positive. The Paper, a state-run outlet, hailed the opening as a representation of 'Tesla speed' and 'Shanghai speed' as well as a 'win-win situation for Tesla and Shanghai.' Xinhua published photos of the opening ceremony, showing workers in hard hats and reflective vests posing in front of a bright red background. It also showed drone images of the factory site, which covers 200,000 square meters, according to state media. Zhang Xiaohan, a Beijing-based expert on the energy storage market at the consultancy firm APCO Worldwide, said the glowing articles are due to Tesla's position in 'helping the local supply chain to strengthen and to consolidate' in energy storage and EVs. 'Facing this U.S.-China tech war or economic war, Tesla is still quite a very notable, positive brand in China,' she said. Musk himself is hugely popular in China, where he receives red carpet welcomes from leaders and is hailed for his business acumen. On a trip to Beijing in April, for example, Premier Li Qiang met with Musk and called Tesla's China operations 'a successful example of Sino-U.S. economic and trade cooperation.' China is eager to hold up Tesla as an example at a time when the American Chamber of Commerce in Shanghai reports diminishing optimism among its members regarding the Chinese market. Some Chinese commentators have expressed hope that Musk could bring this spirit of U.S.-China cooperation to Washington and serve as a diplomatic go-between as the trade war ratchets up. Trump and Chinese leader Xi Jinping were expected to speak last week following the U.S. tariff implementation, but there has been no official word on any deal to avert a full-blown trade war. Trump told Fox News's Bret Baier he had talked to Xi in the weeks since his inauguration on Jan. 20, but a Chinese Foreign Ministry spokesman said Tuesday only that the two had spoken on Jan. 17. If Trump and Xi start negotiating — as the leaders of Canada and Mexico did to stave off blanket tariffs — Musk could play a role in shaping the agenda, said Wu Xinbo, an international relations scholar at Fudan University in Shanghai. But while Musk argues that 'decoupling is unnecessary and unrealistic,' Wu said, his impact will be constrained by the roster of China hawks in Trump's administration. 'It's not an easy job for him to play a role in Sino-U.S. relations these days,' Wu said.
South China Morning Post
06-02-2025
- Automotive
- South China Morning Post
Shanghai aims for China's top carmaking crown with Toyota plant
Published: 7:30am, 7 Feb 2025 Shanghai has taken a big step towards reclaiming the title as the country's largest vehicle production hub following Toyota Motor's plan to make cars in the city. The metropolis, which has been eclipsed by Shenzhen and Guangzhou since 2022 in car production, announced on Wednesday that the Japanese marque would start building pure electric vehicles (EVs) from 2027 at its wholly owned plant in the southwestern Jinshan district. Toyota's investment 'fully reflects China's attractiveness to foreign investors', the Shanghai Commission of Commerce said in a statement. 'We will help businesses solve problems and provide efficient and relevant services for most foreign companies to invest and develop in Shanghai.' The Japanese carmaker said in a separate statement that the plant, with an annual capacity of 100,000 units, would tap the local supply chain, logistics network and talent pool to produce Lexus-branded EVs. 01:54 Experimental electric flying car takes to the air for test run in northern China Experimental electric flying car takes to the air for test run in northern China 'Shanghai officials have a reason to cheer in drawing Toyota to build cars in the city,' said Gao Shen, an independent analyst. 'Automotive is one of the backbone industries of the city's economy, and Toyota, the world's top carmaker by production volume, is certainly among the few corporate giants targeted by local officials.' The Toyota plant is the second fully owned car venture by an overseas company on the mainland, following Tesla's Gigafactory at Shanghai's Lingang free-trade zone, which launched production in late 2020.
