Tag: new energy vehicles

China Specifies Insurance Terms for New Energy Vehicles, Tesla Premiums Surge

Tesla owners saw insurance premiums soar in China after the authorities implemented commercial insurance rules for new energy vehicles at the end of last year. The exclusive insurance terms took effect on Dec. 27, 2021. Tesla told Jwview, a state-run financial media on Dec. 30, 2021, that Tesla vehicle’s insurance premiums increased by about 10…


Ready to Exit China? Tesla Pays Off $614 Million Loan for Its Shanghai Factory

News Analysis Tesla has recently repaid in full the $614 million loan for the construction of its Gigafactory 3, a super factory located in Shanghai. After the news broke out, the rumor that Tesla may be preparing to leave the Chinese market spread fast on social media. The construction of the Shanghai plant began at…