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Tesla faces pressure from Chinese regulators

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Tesla Boosts China Revenue, but 5 Regulators Are After Tesla Description video: Tesla is in trouble with Chinese authorities because of quality issues as five regulators come after Tesla China.\n\n\”The electric carmaker has been summoned by five Chinese regulatory agencies […]

Tesla Boosts China Revenue, but 5 Regulators Are After Tesla

Description video:
Tesla is in trouble with Chinese authorities because of quality issues as five regulators come after Tesla China.\n\n\”The electric carmaker has been summoned by five Chinese regulatory agencies to answer questions about the quality of its Shanghai-made Model 3 cars, according to a statement released Monday by the State Administration for Market Regulation (SAMR). It said regulators were concerned about several problems with the cars, including \”abnormal acceleration\” and \”battery fires,\” CNN Business reports.\n\nTesla has been targeted by the authorities in China. The reason are quality problems in electric cars, which have been reported for a long time. \”There were reports of discussions about lawsuits from customers. Numerous Tesla buyers had complained about problems with unexpected acceleration, battery fires and software updates over the air,\” AutomobilWoche reports.\n\nTesla was forced to apologize via the Weibo social network. They will work with the authorities to solve the problems and strictly adhere to Chinese laws. Foreign car manufacturers had previously been targeted by Chinese authorities.\n\nChina is now Tesla’s second largest market and, according to TechCrunch, accounts for 20 percent of sales. The company operates its own plant in Shanghai. The manufacturer’s quality problems have long been an issue, and not just in China. Several manufacturers, including from China, want to dispute Tesla’s position as the most important electric car manufacturer.\n\nIn a message via the Chinese microblogging service Sina Weibo , Tesla said it would follow the government’s instructions. In addition, the company wants to improve internal working mechanisms and processes under the guidance of government agencies.\n\nAs for other automobile manufacturers, China is also an important market for Tesla. The US company opened a factory in Shanghai at the end of 2019 after less than a year of construction . Model 3 and Model Y are built there.\n\n2020 was a record year for Tesla . In China, Tesla had sales of 6.66 billion US dollars that year, which, according to a recent stock exchange release, accounted for over 20 percent of the company’s total sales.\n\nHowever, the rapid ramp-up has also led to serious defects in production, as Tesla boss Elon Musk recently admitted himself . So complained purchaser of the Model Y about problems with the paint, warped bodies, non-closing trunk lids, broken cushion or not properly mounted rear seats or seat belts. One Model Y lost the roof , on several Model 3s the rear apron fell off in the rain.\n\nRecently, Tesla also had to recall 135,000 older vehicles because a possible failure of the large central display on certain Model S and X models could endanger road safety. The recall also affected around 36,000 cars in China.\n\n\n#Tesla\n#TeslaChina\n\nThis is Armen Hareyan from Torque News. Please follow us at https://twitter.com/torquenewsauto on Twitter and https://www.torquenews.com/ for daily automotive news.\n\nReference:\nCNN Business https://www.cnn.com/2021/02/09/tech/tesla-china-regulators-intl-hnk/index.html\nAutomobilWoche https://www.automobilwoche.de/article/20210209/NACHRICHTEN/210209909/qualitaetsprobleme-tesla-hat-aerger-mit-chinesischen-behoerden\nGolem https://www.golem.de/news/tesla-chinesische-regierung-kritisiert-qualitaet-der-elektroautos-2102-154033.html

Tesla faces pressure from Chinese regulators

Five Chinese regulators have reached out to Tesla on product quality and safety as the company accelerates the pace of release of its latest model at its Shanghai plant..

China is the largest market for Tesla after the US, with 120,000 EVs sold there in 2020.

Chinese authorities recently received complaints of abnormal acceleration and battery fire, according to a statement released on Monday..

In turn, Tesla said it would strengthen self-control and internal governance.

China is the largest auto market in the world, and the country’s government is actively promoting the introduction of electric vehicles. Tesla sold 15,484 locally made vehicles last month, according to the China Passenger Car Association.

Tesla faces pressure from Chinese regulators

But now Tesla is facing pressure from Chinese consumer market watchers to ask Tesla to improve internal governance, comply with Chinese laws and regulations, and respect consumer rights..

Tesla Shanghai said the company «sincerely accepted the recommendations of government departments», and that in her statement she «deeply analyzed the shortcomings».

Tesla is already facing quality issues in the US and must recall large numbers of Model S and Model X vehicles due to faulty touchscreens.

World’s Most Valuable Automotive Company Feels Increasing Competition From Chinese Competitors.

Chinese electric vehicle startup NIO unveiled its fourth production model last month, while Li Auto and XPeng are already producing new models.

Car company Ilona Mask received approval to build its Shanghai plant in 2018, becoming the first foreign automaker to fully own a plant in China.

Tesla backed Bitcoin on Monday, announcing that it bought $ 1.5 billion worth of cryptocurrencies in January and expects to start accepting digital coins as payment in the future..