Tesla stops taking new orders in China for two imported, US-made models
BEIJING - Tesla has suspended taking new orders for Model S and Model X vehicles on its Chinese website, Reuters checks showed on Friday, as the world's two largest economies exchange blows in a trade war.
Both models are made in the U.S. and imported to China. New orders for the two models were also no longer available on the automaker's WeChat mini programme account in China.While the company did not give a reason for the move, it comes as China and U.S. have been locked in an escalating trade war. China on Friday raised its tariffs on U.S. imports to 125% on Friday after President Donald Trump's decision to hike duties on Chinese goods to 145%. Higher U.S. tariffs significantly increases the retail cost for Chinese consumers, making these cars more expensive than locally produced EVs. The Austin, Texas-based company is least affected by Trump's tariffs among automakers due to its largely domestic manufacturing for sales in the US. The US automaker makes Model 3 and Model Y cars at its plant in Shanghai for sale in the country and exports to markets such as Europe, making up the vast majority of its sales. China imported 1,553 Model X cars and 311 Model S cars in 2024, said Li Yanwei, an analyst with the China Auto Dealers Association. The two models accounted for less 0.5% of Tesla's deliveries of more than 657,000 vehicles last year. Increasing competition from BYD and other local manufacturers has also hit sales of Tesla's vehicles in China. Deliveries of the category that includes Tesla's premium sedan and SUV models and the Cybertruck were down 25% in the first quarter globally, largely due to the lack of upgrades to the vehicles and backlash against CEO Elon Musk's politics. Amazon CEO sets out AI investment mission in annual shareholder letterPakistan, Belarus sign multiple agreements to boost bilateral tiesImpact of tariffs on developing countries could be 'catastrophic', says UN trade agencyHow long will the heat wave last, when will the rains come? The Meteorological Department has warned
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China is taking issue with Trump's move to link tariffs to fentanylChina is taking issue with Trump’s move to link tariffs to fentanyl
Read more »
China's Baidu launches two new AI models as industry competition heats upThe X1 has
Read more »
Chinese premier calls for 'dialogue' as US senator visits BeijingChina's number two leader on Sunday called for 'dialogue' with Washington, during a meeting in Beijing attended by prominent US business executives and a key congressional ally of President Donald Trump.
Read more »
Risk of 2,000 new HIV infections a day after US aid freeze, UN saysPresident Trump put almost all US foreign aid on hold upon taking office on January 20
Read more »
China poses biggest military, cyber threat to US, intel chiefs sayChina poses biggest military, cyber threat to US, intel chiefs say
Read more »
Protesters denounce Musk at Tesla dealerships in US, Europe, CanadaHundreds rallied on Saturday outside the Tesla dealership in New York's Manhattan
Read more »