Industry dynamics

Tesla will postpone delivery in China due to coronavirus outbreak

Publishtime:1970-01-01 08:00:00 Views:24

At present, the new coronavirus epidemic in China is still severe. In order to reduce the flow of people, many companies have also started working from home. This has also put pressure on manufacturing companies, including Tesla.

Grace Tao, Tesla's vice president of foreign affairs, said on Tuesday that it currently seems that delivery will be postponed in early February after the Spring Festival, and Tesla will try its best to make up for this after the epidemic situation improves.

She also said that plans are currently being developed.

Tesla expects to deliver at least 500,000 vehicles, marking a year-over-year increase of 36% in 2020. Therefore, the company is working toward securing battery-production capacity from several suppliers, since this rise in deliveries will require more batteries.

It recently signed a battery-supply agreement with China's largest battery producer, Contemporary Amperex Technology Co. Limited (CATL).

Though the agreement does not impose restrictions on Tesla's purchase volume, the company will determine the battery-purchase volume between July 2020 and June 2022, as per its requirement.