The mainland 5 hours to sell 5.5 million iPhone X; Huawei OV continue to cut shipments target;

1, the mainland 5 hours to sell 5.5 million iPhone X, Apple did not respond; 2, Huawei OV continue to reduce the target ship mobile phone chain kinetic energy affected; 3, ZTE single-quarter revenue decline is the highest social security fund holdings The company; 4, Wen Tai technology third quarter net profit surge 754.55%, business more flowering; 5, music as the net valuation of the stock price down as low as 7.82 yuan; 6, Tesla is expected to 'broken' 25% tariff reductions;

Set micro-network launched integrated circuit WeChat common number: 'every day IC', major news instantly released, every day IC, every day set micro-network, plot micro into! Scan the end of the two-dimensional code to add attention.

1, the mainland 5 hours to sell 5.5 million iPhone X, Apple did not respond;

Surging journalist Zhou Ling Apple iPhone X demand to break the record.

October 29, Apple's surging journalists said that from the initial reaction, iPhone X demand to break the record, the company is trying to bring this revolutionary new products to every consumer's hands.

October 27, iPhone X began in the global pre-sale. November 3 at 8 am, the first batch of iPhone X will be sent to the hands of users.

'We are happy that the iPhone X has been booked. From the initial reaction point of view, the demand to break the record, we are trying to bring this revolutionary new product to every consumer's hands at the same time, we will continue The iPhone X will be available on Friday, November 3, at 8:00 am through the global Apple Store retailer and Apple Authorized Dealers and specific operators. 'Apple said in a statement to surging journalists.

Apple this statement is aimed at the global market, Apple did not specifically on the Chinese market demand to make a separate comment.

However, from the parties feedback information, iPhone X in the Chinese market is also very popular. October 27 at 3 pm, Apple's official website of China is scheduled to open, a very short period of time on November 3 that day has been sold out, Then order the order to be 3-4 weeks to deliver, and some even 5-6 weeks to deliver.

Apple's third-party cooperation channel data also show iPhone X is popular.Liu cat data show, Apple Store days cat flagship store only 5 seconds, the first booking is expected on November 3 the arrival of the first batch of iPhone X will be snapped up One of the days of cat related to the media interview revealed that this year's iPhone X sold nearly 50 minutes sales have been higher than last year's iPhone 7 starting all day.

October 29, a network of news, Apple in the Chinese mainland market 5 hours to sell 5.5 million iPhone X, according to each 8388 calculation, the total amount of 46.13 billion yuan.

Apple has not responded to the rumors of this network, Apple stakeholders said, not for a specific regional market to respond.

For those who did not grab the first order on November 3 users, before the media suggested that the day of November 3 to the Apple store 'luck'.

However, according to surging news journalists understand that Apple's US retail stores may have a small amount of the spot iPhone X for the appointment of users to the 'direct line' to buy, but the Chinese market is not prepared, November 3 day to line up luck may drop The

iPhone X is known as Apple's most expensive in a history of the phone, the official website quotes show that the national bank 64GB version priced at 8388 yuan, 256GB version priced at 9688 yuan, silver and dark gray two color.

2, Huawei OV continue to cut shipments target mobile phone chain kinetic energy affected;

According to the economic daily report, the new mobile phone chain, pointed out that the old models are still more inventory, the new machine is not easy to sell, the mainland smart phone factory in the fourth quarter and a new round of the next year Shipments, may result in the fourth quarter of the new benefits are limited, with the impact, including MediaTek, including mobile phone new supply chain kinetic energy.

At the end of last year, Huawei, OPPO, Vivo optimistic about this year's growth strength, to the supply chain to release this year's operating targets have adopted a high standard, Huawei is about 160 million, OPPO annual sales of 140 million to 160 million , Vivo is also estimated to reach 140 million, the three major manufacturers accounted for seven to eight percent of China's market share.

However, with this year's smart phone market conditions as expected, the mobile phone brand factory quarterly under the repair of the annual shipping target, into the fourth quarter of the situation has not changed, the recent and slightly down the phenomenon.According to the mobile phone supply chain observation, After a new wave of repair, the market has begun to see the brand factory will be expected to be out of stock, so the pre-store more parts of the phenomenon of the release of goods.

Mobile phone new supply chain pointed out that the current view, in addition to Huawei's annual shipments of nearly 160 million, and the gap between the beginning of the year, the second largest factory OPPO estimated less than 110 million, Vivo also down to 100 million Below the annual growth rate of only a few digits level.

Mainland mobile phone market often affects Taiwan's supply chain needs, including MediaTek, component plant Liguang, Dun Tai, AUO, group and so on.

3, Wen Tai technology third quarter net profit surge 754.55%, more business flowering;

Today, the world's largest smart phone ODM manufacturers Wen Tai Technology released a third quarter results announcement.Our earnings show that Wen Tai Technology third quarter single quarter to achieve operating income of 46.70 yuan, profits of 105 million yuan, Respectively, over the same period last year, the percentage increase of 25.07%, 77.97% .According to the first three quarters of the results, Wen Tai Technology 2017 from January to September to achieve operating income of 12.559 billion yuan, an increase of 47.87%; net profit of 282 million yuan, 754.55%.

Wen Tie news performance than expected, the real estate business to accelerate stripping

It is important to note that there are two major items in the main business of WenTai Technology: a subsidiary of WenTai Communication's main communication equipment R & D and manufacturing (mainly smartphone ODM business), and the other is the property of Zhongyin Group Business.According to the company's disclosure of earnings data, the current subsidiary of WenTai communications revenue has accounted for more than 95% of the total revenue of listed companies.

According to the announcement, which subsidiary of the third quarter of the subsidiary business income of 4.131 billion yuan, profits of 174 million yuan. Wen Tai Communications 2017 in January-September to achieve operating income of 12.393 billion yuan, an increase of 53.78%; mother profit 423 million yuan, up 126.20% year on year.

This also shows that the current Wen Thai technology is another in the original group of real estate business revenue has been accounted for has been very low, but also at a loss.

It is reported that there are two main factors that have contributed to the profitability of listed companies, one is the interest generated by the borrowing of 790 million from the real estate company before, because the borrowing was carried out without approval by the board of directors. If the loan that does not meet the listing management management process is finally determined to be invalid, the interest arising before will be recovered.

The second is a subordinate real estate company has produced a fee but did not generate income, mid-year report has more than 700 million pre-paid housing because the end of the year to pay the house so there is no calculation of income did not calculate profits in the third quarter when the advance payment has been increased to 933 million. The original major shareholder of the Group to get the cost is very low, so the end of the calculation of profits by 30% of the minimum calculation of about 300 million yuan of profits.

In addition, according to the previous announcement, the company has repeatedly made it clear that it will further speed up the disposal of the real estate business burden of time period.For example, early this year, the company has finished Lianyungang in the Yin, Kunshan Tai Lai, Suzhou crown, Jiangsu Zhongyin, Kunshan Hotel, The relevant business procedures of the equity transfer of Sinochem.

Wen Tai communications business more flowering: VR mobile phones, smart cars, notebooks and other business force

It is reported that Wen Tai Technology started in January this year by WenTai Communication Chairman Zhang Xuezheng actual control, the original major shareholder of Yin Group and related parties have announced the clearance of the withdrawal of the withdrawal.With the real estate business and the total withdrawal of the original shareholders of the full withdrawal , As A shares only mobile phone ODM company, Wen Tai technology will usher in a new takeoff.

In many industry view, the smart phone ODM is by cost advantage, do low-end mobile phone earn hard money.But the news of the past few years out of their own way: adhere to bigger brand customers, insist on doing high-end models , Business multi-point layout, extending to the upper reaches of the supply chain.

At present, the customer base of WenTai Communication is basically the mainstream brands of Huawei, millet, association, Meizu, Asus, 360, Skyworth, Storm Technology, China Mobile and LG, and most of the performance are in steady growth trend. Growth in the ODM models, the past two years the company began to gradually design, production prices in more than 1,000 yuan in the high-end models, and focus on creating fine product explosion.We see Huawei to enjoy 6s, red rice 4 series, The company said that the second half of 2017 will continue to improve product quality and grade, and significantly reduce the non-performing rate and the rate of customer complaints, to provide consumers with more than the market, How high quality products.

Business multi-point layout, in addition to smart phone ODM business, Wen Tai Communications in a number of business on a breakthrough, such as VR business, the company combined with China VR leading brand Storm technology launched Storm Mirror, by the media and consumers A 360 ° panorama VR camera, 360 ° panorama VR car camera is also well received. Has launched a very innovative VR mobile phone.

Smart car business, the current Dongfeng, Kai Rui and other auto companies T-BOX car machine products have begun shipping, in addition to the second half of 2017 in addition to continue to increase the volume of the car machine products, but also the development of intelligent electric vehicle embedded Car computing unit (core board), into the smart electric vehicle industry chain.

A new generation of notebook computer business, in 2017 the company became Qualcomm in the field of notebook computers only ODM strategic partners, become the world's first research and development Qualcomm 835/845 platform notebook computer company.Currently the first product has been in the development, Is expected to be listed in the first half of 2018 production.

WenTai Communication is one of the core competencies of concern, is relying on intelligent product shipments, extending to the upper reaches of the supply chain.

From the quantitative point of view, according to IHS Markit senior analyst Li Huibin predicted that the news will be expected in 2017 Wen Tai machine shipments will be more than 75 million. This also means that Wen Tai Communications has entered the top five Chinese smartphone manufacturers Next to the Huawei, OPPO, vivo, millet) .According to the first half of the annual report that with the company's shipments increased year by year, the proportion of components purchased by the company is also growing, many supply chain enterprises through Wen Tai Communications This pipeline will be a large number of components exported to Huawei, millet, Lenovo, Meizu, Asus, LG and other international brands of products which.

Can be seen in the past 10 years, a large number of small and medium-sized suppliers because of the company's rapid growth and growth, not only into the international first-line brand supply chain system, but also the birth of a number of market value of tens of billions or even tens of billions of listed companies. Is in recent years Wentai communications vigorously implement the strategy of quality, and strive to build quality explosion products, is committed to the common and standardized components, a substantial increase in the procurement of a single standard components, and therefore become a lot of supply chain business customers , So the supply chain company has been very willing to work closely with the company, in the purchase price and delivery to give priority protection.

4, ZTE single-quarter income decline is the highest social security fund holding company;

ZTE (000063.SZ) has become a social security fund fragrant steamed bun, the third quarter by the latter substantial holdings, ZTE has become the social security fund holdings of the highest market value of the company.

As of the end of the third quarter, there are four social security funds are located in the top ten shareholders of ZTE's circulation, ranking the sixth, eight, nine, ten shareholders.

Among them, the three social security funds for the new, including the social security fund one hundred and four combinations, one by one combination and one seven one combination, the three in the third quarter were bought 4619 million shares, 23.72 million shares, 1975 million shares, Into the 8965 million shares.In addition, the social security fund portfolio in the third quarter slightly reduced after 100 million shares, still holds 25 million shares.

Four social security funds held a total of 115 million shares of ZTE, the total holdings of 2.73%. ZTE October 27 closing price of 30.08 yuan, the social security fund holdings of up to 3.459 billion yuan, which is disclosed three quarterly In the company, the social security fund holds the highest market value of the company.

With the social security fund, the certificate company to take the exit strategy.Cancel in the third quarter holdings of ZTE 4465 million shares, accounting for 1.07% of the total share capital.This is the second consecutive quarter of the company for the holdings of reductions. At the end of the third quarter, the proportion of the holdings of the certificate company fell to 1.23%, the top ten shareholders in circulation from the third down to fifth place.

In fact, ZTE's third quarter of real profit is not so good.In the third quarter, ZTE's total revenue of 22.569 billion yuan, down 5.2%; attributable to ordinary shareholders of listed companies net profit of 1.162 billion yuan, an increase of 47.53%. In the seemingly dazzling third quarter results behind the existence of a super 2 billion non-recurring gains and losses.

Excluding non-recurring gains and losses, ZTE's net loss for the third quarter was $ 389 million, which included exchange losses of more than $ 500 million.

In the third quarter, non-recurring gains and losses, ZTE's investment income of up to 2.1 billion, mainly due to the current disposal of Nubian part of the equity investment income.

But also because of the above reasons, ZTE is expected to grow about 3 times the performance of the deduction is not so fast after the so fast.

ZTE's non-recurring gains and losses in 2016 were approximately -45 billion yuan, with non-recurring net profit of RMB2.33 billion, excluding the non-recurring gains and losses in the fourth quarter of 2017, excluding only the first three quarters of RMB2.343 billion Non-recurring gains and losses, ZTE 2017 annual performance is between 2 billion -25 billion, compared to 2016 no growth or growth.

Merchants Securities analyst Zhou Yan judge, single-quarter decline in revenue mainly due to the first half of the three major domestic equipment manufacturers less tender, equipment revenue to confirm the impact of third quarter single-quarter profit.

The performance of law-abiding, why the social security funds in the third quarter have been influx of ZTE, the answer may be with the ZTE in the 5G and other aspects of the technical reserves and global business layout.

In the A-share listed companies, ZTE has been willing to invest in research and development, and its R & D expenses in the forefront, almost every year about 10% of revenue revenue R & D ZTE's first three quarters of R & D investment of 9.2 billion yuan, accounting for The total operating income of 12% of the company over the years accumulated R & D investment is nearly 100 billion yuan.

R & D investment is not only one of the reasons for the increase in ZTE's performance is not high, more importantly, ZTE 5G and other core products in the R & D and technical reserves, but also to occupy the future market opportunities.

ZTE to 5G bearing for the innovation leader, has been in the network virtualization, ultra-100G optical transmission, the next generation of optical access to achieve more technical breakthroughs.

5G progress, ZTE has deployed more than 60 Pre5G networks worldwide, and more than 280 SDN / NFV commercial / lab offices. In the 5G national test phase, refresh the cell throughput, massive connections and low latency, etc. (7.350, 0.22, 3.09%) jointly carried out in Shenzhen 5G field test; and China Mobile, Qualcomm launched the world's first based on the latest 3GPPR15 standard 5G low-frequency IoDT cooperation test.

CITIC Securities analyst Gu Haibo is expected, 5G total investment will be higher than 4G, the performance of the main equipment manufacturers to benefit from the core level of ZTE as a 5G leader is expected to enjoy the valuation premium.

In addition to product research and development on the first card position, ZTE in the global market layout has also lay the foundation.

During the reporting period, ZTE overseas 5G market access to an important breakthrough, the company enhanced with Europe, Japan and other mainstream operators in the 5G technology cooperation.On October 25, ZTE won the bid to predict the Italian 5G network construction, and European operators Giant Orange signed a 5G cooperation agreement at the same time, the company and Belgium Telenet to build 5G Innovation Center and complete the first European FDD Massive MIMO field test, together with Japan Softbank to verify Pre5G Massive MIMO single carrier nearly 1Gbps peak and so on.

'Overseas mainstream operators will lay the foundation for the follow-up 5G global expansion.' Everbright Securities analyst Tian Minghua that.

Over the past year, ZTE in the secondary market rose nearly doubled.

Analysts believe that the fourth quarter of this year and the first half of next year, ZTE is still worry-free performance because the third quarter, the three operators in the Internet of Things, OTN and other tender significantly faster.

October 27 evening, ZTE's latest announcement shows that the company's exclusive bid 2017 China Unicom Internet HSS dedicated network of centralized procurement projects, will be its new HSS 4 sets of equipment, service users 46 million. This is ZTE following In September this year in China Mobile 2017 Internet of things network core network of four tender project made M-HLR / HSS standard package 60% of the share, once again a breakthrough.

In the third quarterly report, ZTE expects the next reporting period, 'the Group will continue to increase the 5G and other core product R & D investment; seize the global telecommunications market technology and pattern changes in the opportunity to firmly improve market share and enhance the global market position . '

With the huge technical reserves, coupled with the relative consolidation of the international market position, 5G era comes, perhaps the date of the outbreak of ZTE.It is precisely because the future of imagination, ZTE access to social security fund preference is also insufficient The news of the interface

5, music as the valuation of the stock was down as low as 7.82 yuan;

Just posted a huge loss of three quarterly and executives leave the announcement, the music network 'bad news' again. October 28, suspended more than six months of music Watch valuation was again reduced, based on the three limit , The two fund companies in turn optimistic about the valuation of music 30%, adjusted after the stock price of only 7.83 yuan and 7.82 yuan.This valuation and music Watch dividends after the dividend compared to the stock price, almost waist cut.

The valuation is almost cut by the waist

October 28, the China Post Fund announced that since the date of the company's eight funds held by the valuation of music stocks to adjust the stock, taking into account the stock during the period of share capital increase and dividends, the valuation price adjusted to 7.83 yuan On the same day, the Harvest Fund also announced a reduction in the valuation of the music net, which was further reduced by 30% to $ 7.82 on the basis of the ex-dividend price. The fund also stated that the valuation price was further determined if necessary.

The downgrade, music Watch stock valuation from the lowest price of 15.33 yuan down to 7.82 yuan, plunged 49%, almost cut waist.

This is the music network since April 2017 since the suspension of the second time since the fund company downgraded valuation .7 8, music as a new round of capital chain dilemma after the outbreak, a number of funds began to adjust the music Watch stock valuation , Including the postal fund, including more than a dozen heavy warehouse music raised funds collective announcement announced lower music net valuation, the minimum valuation adjusted to 22.05 yuan, compared with the suspension before the 30.68 yuan, close to three consecutive daily limit.

August 25 this year, music to all shareholders for every 10 shares distributed cash bonus 0.28 yuan, at the same time, the capital reserve fund to all shareholders for every 10 shares of 10 shares in 10 to 10, dividends ex-dividend, music Watch forward The price from the suspension before the 30.68 yuan to 15.33 yuan.

The two days before the July 8 adjustment, July 7, the original music network chairman Jia Yue Ting announced his resignation as chairman of the board of directors, and this time The day before the adjustment, coincided with the resignation of Leung King Leung, general manager of music and music and music in the third quarter of 2017 performance release.

Pledged equity is at risk

Shigekura held by the public offering of music Watch Fund for music Watch down the stock price valuation, triggering the market concerns.As music Watch currently there are a large number of pledged stocks, if the stock price break through the closing line led to sell, then for Ya Yue Ting, Sun Hongbin Or music as the network of investors, will face the risk.

From the music network announced third quarter earnings point of view, Jia Yue Ting is still the largest shareholder of music Watch, holding a total of about 1.024 billion shares, holding 25.67% stake, which pledged 1.02 million shares, frozen 1.04 billion shares. See, Jia Yue Ting holding the pledge rate of 99.53%, the freezing rate of 100%.

Jia Yue Ting 1 billion shares equivalent to more than 150 billion market value was pledged and frozen, if the valuation of 7.82 yuan, Jia Yue Ting stake worth only about 80 billion.However, these pledged shares of the closing line is the number of the current outside is not clear The

According to a financial analysis, Jia Yue-ting had to hold shares in the hands of the pledge, that is, holding the equity as a pledge of the subject matter of a way of financing, its purpose is undoubtedly to finance the equity pledge has always been Jia Yue Ting important One of the means of financing, according to music Watch historical announcement, Jia Yue Ting frequent equity pledge to get more cash flow to support the development of music as the fact that it also shows the music as the desire for money is so strong.

And the 100% stake in the freeze is mainly judicial freeze, the current holdings of shares held by Jia Yue Ting has been frozen. 'Registration company can not fight the freezing of the law, once frozen to wait for legal judgment', is currently in suspension of music Watch, even after the opening, Jia Yue Ting shares But also to face the treatment of judicial freeze.

At present, music Watch is in suspension, although the suspension period, a number of institutions to adjust the stock price of music is expected after the opening, once the stock fell, will inevitably exacerbate Jia Yue Ting equity pledge may lead to financial pressure.

Question 1 How much investment is lost?

According to music Watch earnings, August 2016 Music Watch to four fixed by the total issue of 107 million shares of financing 4.8 billion yuan, of which 39.1 million shares of Fortis Fund, Zhang Jianping subscription 2488 million shares, Harvest Fund subscription 2133 shares, Postal Fund subscription 2133 million shares, set by the price of 45.01 yuan / share.

At that time, fixed prices and today's institutions to reduce the valuation gap is widening, which means that investors are also exacerbated Fukui, which, the big brother Zhang Jianping to participate in music as the net increase, with 2488 shares, 22.5 yuan / share.According to the latest valuation of 7.83 yuan, the current investment in Zhang Jianping 11.2 billion has been fugitive 730 million yuan.

According to the announcement of the music published by the announcement, Fortis Fund, Harvest Fund, China Post Fund is limited to 12 months, which is limited to the sale period until August 2017. After August 2017, because the amount of shares Less than 5%, the number of shares held by these funds is not disclosed.Therefore, the number of these fund is not yet known.

According to Wind data show that as of October 28, 2017, a total of 34 funds Chongkang music Watch, holding the number of 1.23 billion shares, the total market capitalization of 1.407 billion yuan.

Question 2 How long can you keep cash flow?

From the earnings point of view, music Watch is facing enormous financial pressure .2017 the end of the third quarter, music net money 833 million, current liabilities of 12.7 billion, of which 3 billion short-term loans, accounts payable 5.36 billion, while accounts payable From the supplier.

Music as super TV was originally music as a high-quality assets, Liang Jun accepted Le Watch CEO, also hope that the music Watch, music video, music as super TV resources integration, home screen and content self-made.However, from the earnings announcement Of the cash flow table to see, music from the beginning of this year to the third quarter of operating cash flow of 540 million yuan, while the figure for the same period last year 11.313 billion yuan.

From the merger of the balance sheet, music Watch accounts receivable 9.74 billion yuan last year, accounts receivable was 8.686 billion yuan, accounts receivable over the same period last year to expand.

In May this year, the Shenzhen Stock Exchange on the music as the 2016 annual report issued an inquiry letter, asked Music Watch on the accounts receivable, prepaid accounts of the accounts payable, such as accounts receivable, related transactions and other issues in fact, And related transactions, future performance forecasts, research and development costs and personnel, industry data, cash flow and other three categories of 16 issues to make a detailed disclosure.

Earlier in the investor exchange, investors questioned that the high amount of accounts receivable so that it has a great doubt on the credibility of the report. CICC report said, 'corporate accounts receivable balance than 2015 An increase of 158.53% at the end of the year, the growth rate significantly exceeded the income growth, reflecting a certain degree of risk.

And now, compared to the same period last year, music watch the scale of accounts receivable is still expanding. Beijing News reporter Liu Suhong Yang Li

6, Tesla is expected to 'broken' in China alone to build 25% tariff reductions;

Tesla entered China after a lot of twists and turns, from the trademark was registered to the land to set up factories in the face of policy restrictions - no foreign auto companies in China's wholly-owned factories listed first, but the face of China's world's largest new energy vehicle market , Tesla CEO Eldon Masque never gave up.

After a heavy breakthrough, recently there is news that Tesla will establish a wholly owned factory in Shanghai.National Ministry of Commerce spokesman said publicly that Tesla is currently with the relevant departments of the Shanghai Municipal Government to communicate.In addition, the China Automobile Industry Association executive vice President Dong Yang also publicly said that the new energy vehicles will be more than the restrictions on the share, the earliest to next year will allow foreign-funded new energy auto companies in the free trade area to establish a sole proprietorship.

Foreign investment in China to set the threshold or lower

Elon Musk has long planned to build a manufacturing plant in China, and in January 2014, he told the Chinese media that Tesla would build a manufacturing plant in China to supply China's demand.

Three years ago, the plan has not yet landed, Tesla face the primary problem is whether to establish a joint venture with Chinese enterprises in accordance with China's relevant policies, foreign car companies in China and local enterprises need to establish a joint venture company , And the Chinese share of the share ratio can not be less than 50%, while Tesla's strategic planning is the need for a global market to establish a wholly owned factory, in addition to the current US-owned super-factory, Tesla in Europe and China There are plans to build new plants.

In June this year, foreign media reported that Tesla will build factories in Shanghai, and will form a joint venture with the Shanghai port, then the news was denied by Shanghai port, but Tesla insisted that by the end of this year, Slawn's plans to produce cars in China will be clearer.

The last week, the United States, "Wall Street Journal" reported that Tesla has reached an agreement with the Chinese government in Shanghai, will be in the Shanghai Free Trade Area Construction (Shanghai World Trade Center) reported that Tesla has reached an agreement with the Chinese government in Shanghai, Production facilities. At the same time, Tesla China also told the media that in order to better serve the Chinese market, Tesla is working with the Shanghai municipal government to explore the possibility of building factories in the region.

Although the Shanghai municipal government cautioned that there was no agreement on the establishment of a wholly-owned manufacturing facility in Tesla in Shanghai FTA, the Ministry of Commerce press spokesman confirmed that Tesla is actively communicating with the Shanghai municipal government for strategic emerging Field investment, he said, welcomed the attitude, according to the spirit of 19, a substantial relaxation of market access.

Owned enterprises in the free trade area construction is still tariffs

Last week, Dong Yang, executive vice president of China Association of Automobile Manufacturers, said publicly that 'the share of new energy vehicles will be relaxed, and the first to allow foreign - invested new energy vehicles to establish wholly - owned companies in the free trade area next year.'

Tesla will become the first foreign investment in China Free Trade Zone, a wholly foreign-owned foreign companies.

It is understood that in order to avoid the relevant policies in China on foreign auto companies to build a joint venture, Tesla or will be built in the Shanghai Free Trade Area, as a price, Tesla still faces 25% tariff.Never, This is also the first time the Chinese government has allowed automakers to establish wholly foreign-owned auto factories in China.

According to industry analysis, Tesla in the free trade area to build factories, is still off the model, tariffs, value-added tax and many, but there are many advantages in terms of cost, including transportation costs, spare parts procurement costs and labor costs. Moreover, Tesla in China after the construction of factories, will be faster and more timely understanding of the needs of the Chinese market, to better serve the Chinese consumers.

According to the reporter learned that the recent, Tesla has launched a large-scale campus recruitment, the total number of posts close to 500. The Tesla recruitment direction mainly for sales, after sales, engineering and IT, the region is located in Beijing, Guangzhou, Shenzhen and Hangzhou, Wuhan and most of the first and second tier cities.

Although Tesla's round of recruitment does not have jobs related to the construction of the factory or manufacturing, the industry believes that this is Tesla's further large-scale development of the signal in China, or for Tesla domestic pre-bedding.

Beijing News reporter Wang Yafei

2016 GoodChinaBrand | ICP: 12011751 | China Exports