China car sales for BMW and Mercedes are double their US Car sales. This would mean Tesla has room to expand China production up to 700,000 to 1 million model 3s each year and maybe 2 million model Ys.
China will have about 25.5 million car sales in 2019.
China’s electric vehicles sales are 934K from Jan-October, 2019. This is 25% more than Jan-Oct 2018. October 2019 was down 46% from October 2018 because of a drop in subsidies.
Tesla is able to sell electric cars in the USA with only $1850 per car in subsidies.
China wants to reach 7 million electric cars per year by 2025.
Nextbigfuture predicts that Tesla will complete an additional production line in the China factory before September 2019.
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
Known for identifying cutting edge technologies, he is currently a Co-Founder of a startup and fundraiser for high potential early-stage companies. He is the Head of Research for Allocations for deep technology investments and an Angel Investor at Space Angels.
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