Tag: 杭州桑拿AN

Go back to the enewsletter After a bank devalua

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first_imgGo back to the e-newsletter >After a bank devaluation on Tuesday 12 August 2015, the world of luxury retail took a hit as China’s currency dropped to its lowest since August 2011. The impact of this devaluation has extended to the luxury industry and Chinese consumers may alter the way they spend on luxury brands in the coming future.Luxury brand companies such as BMW, Swatch Group and LVMH saw their shares decline as much as 5%. Prices of luxury goods may increase overseas to compensate for the decrease in China; likely making imported goods more expensive within China.LVMH’s leather goods sales in China, Macau and Hong Kong have declined 10% in the first half of 2015. This followed the government’s suppression of  corruption in the sales of high-end goods. Around 40% of luxury goods sold in China have been purchased in Europe and resold illegally in China, avoiding the taxes usually placed on such items.The impact of the Yuan devaluation on Hong Kong’s luxury market is yet to be seen, as devoted luxury shoppers respond to an increased price fluctuation of 2-4%.Currency fluctuations are not the major factor influencing the decline in luxury retail. Chinese shoppers are still travelling internationally for their luxury brand needs, seeking better prices and service in Europe. Luxury retailers in China may prevail with a focus on other aspects of luxury shopping, such as in-store experiences for customers.Asia Pacific hosts four of the world’s top 10 luxury good markets in Japan, China, South Korea and Hong Kong. Ms. Roberts of Euromonitor, a market intelligence firm, however, says that “The region should not be regarded as a safe haven for growth over the next five years and many luxury brands are now realising this and turning their attention to other markets.”This raises the question: what could this mean for outbound travellers from China? Perhaps more importantly, what could this mean for Australian’s travelling to China in the future?Go back to the e-newsletter >last_img read more

Tesla Making Progress With Its New Gigafactory In Shanghai

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first_imgTESLA’S CHINA GIGAFACTORY MAKING PROGRESS IN SHANGHAIEstablishing a manufacturing facility in China could open up an entirely new world for Tesla, allowing it to deliver vehicles to the world’s largest auto market at a fraction of today’s costs.*This article comes to us courtesy of EVANNEX (which also makes aftermarket Tesla accessories). Authored by Charles Morris. The opinions expressed in these articles are not necessarily our own at InsideEVs.More Tesla Gigafactory 3 News: Construction Already Underway At Tesla Gigafactory 3 In China: Video Above: The Tesla executive team in China joins Elon Musk and Vice President Wang (Image: CleanTechnica via Twitter / Elon Musk)Producing cars locally in China will dramatically reduce costs. Recent trade tensions between the US and China have resulted in an import tariff of 40% on Tesla vehicles. Earlier this month, Tesla said the increased tariffs are forcing it to accelerate construction on the Shanghai factory.“Tesla continues to lack access to cash incentives available to locally produced electric vehicles in China that are typically around 15% of MSRP or more,” said Tesla in its Q3 earnings report. “Taking ocean transport costs and import tariffs into account, Tesla is now operating at a 55% to 60% cost disadvantage compared to the exact same car locally produced in China. This makes for a challenging competitive environment, given that China is by far the largest market for electric vehicles. To address this issue, we are accelerating construction of our Shanghai factory, which we expect to be a capital efficient and rapid buildout, using many lessons learned from the Model 3 ramp in North America.”===Written by: Charles Morris; This article originally appeared in Charged. Sources: CNBC, Electrek, CleanTechnica*Editor’s Note: EVANNEX, which also sells aftermarket gear for Teslas, has kindly allowed us to share some of its content with our readers, free of charge. Our thanks go out to EVANNEX. Check out the site here. Source: Electric Vehicle News Lithium Werks To Build Battery Gigafactory In Chinacenter_img Tesla Working To Land $145 Million Plot For Gigafactory 3 In China Author Liberty Access TechnologiesPosted on October 23, 2018Categories Electric Vehicle News Above: Tesla is getting closer to opening its own Gigafactory in China (Image: CleanTechnica via Twitter / Vincent)That game-changing plant, which Tesla has already dubbed Gigafactory 3, is now a step closer to becoming a reality. Tesla recently announced that it has acquired a 210-acre piece of land in the Lingang region of Shanghai for an undisclosed price.Lingang is located on the coast, about 47 miles from the center of Shanghai. Several automakers with foreign connections have facilities there, and unmarked test vehicles are often seen on the streets..embed-container { position: relative; padding-bottom: 56.25%; height: 0; overflow: hidden; max-width: 100%; } .embed-container iframe, .embed-container object, .embed-container embed { position: absolute; top: 0; left: 0; width: 100%; height: 100%; }Above: Land grading started at the new Gigafactory site and reports indicate Tesla has secured a local bank loan to finance the project and begin construction (Source: Electrek / Youtube: 烏瓦)Earlier this year, Tesla announced a deal with the Shanghai government to build a wholly-owned local factory, and said that it “will take roughly two years” to start producing vehicles, “then another two to three years before the factory is fully ramped up to produce around 500,000 vehicles per year for Chinese customers.” Now the company says it is “on track” with its accelerated construction plan.On Tesla’s last earnings call, Elon Musk said that Tesla expects to spend about $2 billion to quickly bring Gigafactory 3 to a production rate of about 250,000 vehicles per year before ramping up to full capacity. Funding will mostly come from local debt – investment from Tesla “will not start in any significant way until 2019.”last_img read more