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Hong Kong’s weather observatory issued its highest storm warning alert — a signal T10 — as...
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By TheWorldNewsOrg
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Tesla is close to securing a deal with the city of Shanghai that would allow the Silicon Valley-based electric carmaker to produce vehicles in China, according to a newly published report by
Hello guest! Please register or sign in (it's free) to view the hidden content. . Chinese regulations require Tesla to enter into a joint venture with a local company to manufacture vehicles in the country. Having a presence in the world’s largest electric vehicle market is a critical next step for Tesla as it seeks to scale production globally. Tesla has previously shared that it is looking to build vehicles and batteries in China which would allow the company to avoid a 25% tariff on vehicles it sold in the country. Last year, Tesla’s sales in China tripled to over $1 billion, or roughly 1/7th of its total sales.
[Photo credit: Tesla]
With China serving as a hotbed for plug-in vehicles and manufacturing, it would be an ideal location for Tesla to lay down the framework for its customers in Asia. China is also home to 1/6th of the world population, and with its ever growing middle class represents a large market for its upcoming affordable Model 3 sedan.
The Chinese plug-in vehicle market is on the rise, as the country seeks to pivot away from smog producing internal combustion vehicles in favor of clean energy vehicles like Tesla’s Model S and Model X. To support these clean energy vehicles, China has exempted buyers from paying sales tax which can reach upwards of 115% of the purchase price of the vehicle.
The report by Bloomberg comes on the heels of the announcement that more than 6% of Tesla’s global sales were in Hong Kong, of which 7% of all vehicles sold were Teslas. That will likely change if proposed changes to the EV incentives are put into effect which would nearly double the price of a new Tesla.
Tesla currently builds all of its vehicles in its Fremont factory in northern California and ships them to customers across the globe, though the other half of its supply chain is firmly rooted in batteries. Production of its newest 2170 lithium ion battery cells – the same cells being used in Tesla’s Model 3 – is taking place exclusively at Gigafactory 1 in Sparks, Nevada. Contrary to early beliefs that Tesla would migrate the 2170 cell to its flagship vehicles, Tesla CEO Elon Musk confirmed that
Hello guest! Please register or sign in (it's free) to view the hidden content. form factor. Building a Gigafactory in close proximity to Panasonic’s existing Chinese factories like its recently opened factory in Dalian, China would drastically cut the length of the supply chain and minimize potential disruptions.
We have reached out to Tesla for comment and will update this story accordingly as we learn more.
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The Wall Street Journal released updated data yesterday on how the elimination of Hong Kong’s vehicle-registration tax waiver for electrics impacted Tesla sales, and the results weren’t stellar.
Data analysis
Hello guest! Please register or sign in (it's free) to view the hidden content. shows that zero new Tesla Model S sedans and Model X SUVs were registered with the Hong Kong transport department in April after the tax break was discontinued at the start of that month. In May, five electric cars were registered for the whole month.
Tesla sales boomed before the April 1 rule change, with 2,939 Tesla vehicles registered in March, making for a total of nearly 3,700 for the first quarter of 2017. The end of the tax break was announced in February.
Source: Tesla Media
A Tesla representative told
Hello guest! Please register or sign in (it's free) to view the hidden content. that the EV giant welcomed government policies making “it easier for more people to buy electric vehicles,” but that it wasn’t dependent on tax concessions for its livelihood. “Hong Kong remains a significant market for Tesla, and we continue to sell cars there each quarter,” Tesla said. “When the Hong Kong government reduced the tax exemption for electric vehicles and increased the cost of our cars by nearly 100%, it’s to be expected that demand will be impacted in the period immediately following the change, particularly because of the large number who bought just prior to the change being implemented.”
EV consumers in many markets benefit from government incentives. Tesla says on its website that U.S. purchasers are eligible for a $7,500 federal income tax credit, plus additional incentives in select states.
Tesla also sells state zero-emissions vehicle credits to automakers that don’t reach government fuel efficiency standards.
The end of the tax exemption “has really put the brakes on electric-vehicle adoption in Hong Kong,” said Mark Webb-Johnson, a founder of Charged Hong Kong, in an interview with
Hello guest! Please register or sign in (it's free) to view the hidden content. . The news comes amid Tesla increasing its presence in Asia with
Hello guest! Please register or sign in (it's free) to view the hidden content. to build a Gigafactory and manufacture cars in Shanghai’s tech sector. Despite the lower sales, Tesla still seems bullish on the Eastern market.
“Tesla absolutely believes that the Hong Kong market will continue to be very strong over the long term because it’s clear that the people in Hong Kong love our cars,” the company said in a statement.
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By Kurt
Joyce Godenzi
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Joyce Mina Godenzi (traditional Chinese: 高麗虹; simplified Chinese: 高丽虹; pinyin: Gāo Lìhóng; Jyutping: Gou1 Lai6 Hung4; born 1965) was the winner of Miss Hong Kong 1984 and is a former Hong Kong film actress. Godenzi was encouraged to join the Miss Hong Kong pageant by her modeling agency, which had groomed one of its models, Maggie Cheung, to compete the year before. Heavily favored, she won the title, in addition to the Miss Photogenic award. After her unsurprising victory, many expected her to do well in Miss Universe 1984 in Miami (her father is Australian and her mother is ethnically Chinese). She was unplaced eventually, but did win third prize in the national costume competition.
After her reign, Godenzi started a film career and was in several action films. She appeared in several films alongside kung fu film actor Sammo Hung before marrying him in 1995. She was nominated for Best Supporting Actress at the 1988 Hong Kong Film Awards for her role in Eastern Condors. Godenzi has since retired from acting and is now one of Jehovah's Witnesses.
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By Kurt
I had the privilege of meeting Harold and Fay King back in 1990 when they visited my brother Paul. Harold studied the Bible with Paul in Hong Kong prior to his being transferred to Singapore where we eventually all met up. His account from w63 7/15 and my personal discussions with him did much to help me at that time. Since then he has passed on along with his wife Faye. Enjoy reading their life stories posted Hello guest! Please register or sign in (it's free) to view the hidden content.
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By Guest Nicole
Predicación pública en una Universidad de Hong Kong.
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MANAGUA, Nicaragua — Nicaraguan police have dispersed anti-government protesters in the capital with tear gas, injuring two people. Carrying blue and white balloons, demonstrators on Saturday gathered at several locations in Managua to condemn the death of a teenager during a 2018 march against the administration of President Daniel Ortega. The Inter-American Commission on Human Rights condemned via Twitter what it described as “state violence against protesters” on Saturday. Hund
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Workers in Qatar continue to be mistreated despite promises to improve rights ahead of the 2022 World Cup, Amnesty International says. A new report from the human rights group says thousands of workers are going unpaid. It adds that a new commission set up to help improve workers' rights is failing to protect them. Amnesty has urged Qatari authorities to "end the shameful reality of labour exploitation". "Despite the significant promises of reform which Qatar has made ahead o
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By James Thomas Rook Jr. · Posted
I noticed from the video the machine was sucking up and compressing a plastic "Finding Nemo" clown fish ..... I always wondered "now what ? " Finding Nemo Where'd the fish go_.mp4 -
By James Thomas Rook Jr. · Posted
I used to do that quite often, mentally. In fact, I am doing that now! -
Look at those legs, that is a great HIIT cardio work out 😁
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Different periods, some areas up to 6 hours An EOR spokesman told AFP that in El Salvador and Guatemala “the power outage (which occurred at 5:50 p.m. GMT) was brief.” In the case of Nicaragua, the EOR systems record that 35% of the energy system was recovered four hours after the incident, while Honduras recovered 95% in the same period. https://ticotimes.net/2019/09/16/system-failure-causes-power-outage-through-much-of-central-america
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