China's BYD takes aim at Tesla in battery factory race

Tesla China has a Record Unsold Inventory of 2301 cars | CarNewsChina Reports in Chinese media say Tesla China has a record inventory of 2301 Model S cars. The number is based on a comparison of the 2014 sales number and the 2014 import number: in 2014 Tesla sold 2499 Model S cars in China, but the company imported 4800 cars, leaving a gap of exactly 2301. It is the first time that the exact 2014 sales number for Tesla in China has been revealed, 2499 accounts for 208.25 cars a month. The numbers have been confirmed by various Tesla employees and ‘insiders’, speaking anonymously to said media.http://www.carnewschina.com/2015/03/16/tesla-china-has-a-record-unsold-inventory-of-2301-cars/?utm_source=The+Sinocism+China+Newsletter&utm_campaign=7c9b6ebe72-Sinocism03_16_15&utm_medium=email&utm_term=0_171f237867-7c9b6ebe72-29615013&mc_cid=7c9b6ebe72&mc_eid=5935182a65

 China's BYD takes aim at Tesla in battery factory race | Reuters Shenzhen-based BYD plans to add 6 gigawatt hours of global production for batteries in each of the next three years, and hopes to keep adding at that pace afterwards if demand is solid, Matthew Jurjevich, a spokesman for the company, said on Friday. That means BYD could ramp up from 10 GWh capacity at the end of this year to about 34 GWh of batteries by the beginning of 2020. This would put it about even with Tesla's planned $5 billion Nevada gigafactory.http://www.reuters.com/article/2015/03/13/us-byd-battery-idUSKBN0M92MZ20150313?utm_source=The+Sinocism+China+Newsletter&utm_campaign=7c9b6ebe72-Sinocism03_16_15&utm_medium=email&utm_term=0_171f237867-7c9b6ebe72-29615013&mc_cid=7c9b6ebe72&mc_eid=5935182a65