Date(s) - Wednesday, November 29 2017
7:00 pm - 9:00 pm
Wednesday, Nov. 29, 7 p.m.
Tesla in China: More Hype than Reality?
Speaker: James Chao, Managing Director for IHS Markit Asia
Elon Musk’s Tesla is taking on the world’s biggest auto market in China with plans to produce its electric vehicles in Shanghai in the next few years. The good news is Tesla’s China sales are soaring, rising to $1.1 billion last year from $319 million in 2015. Still, there are challenges ahead in terms of its cash burn and competition. Over the past 12 months, the electric-car maker has been burning money at a clip of about $8,000 a minute (or $480,000 an hour), Bloomberg data show. At this pace, the company is on track to exhaust its current cash pile on Monday, Aug. 6.
Also, with so much domestic competition, is Musk too late to the game? Does China present a risk or opportunity for Tesla? Does Musk have a different strategy for China? How does Tesla fit into the Chinese government’s plans? James will tackle these questions along with those related to the broader auto industry, including China’s plans to eventually get rid of all fossil-fuel cars.
About the speaker: James oversees products, services and strategy for IHS Automotive in Asia Pacific. He also serves as GM of IHS’s joint venture with the China Automotive Technology and Research Center (CATARC). He is a frequent speaker and facilitator of strategic discussions with business leaders who regularly appears in global media such as CNBC, CNN and Bloomberg. Prior to IHS, James served as a consultant at Casesa & Co., an automotive advisory firm based in New York where he specialized in projects in the emerging markets. He holds an B.A. in History from Harvard University.
Venue details: TTU Cafe
858 Julu Road (Closest metro is Jingan station, exit 9)
Phone: 18217013647 (Seb)
Time: Wednesday, Nov. 29, 7 p.m.-9 p.m.
Admission: FCC Members: 100 RMB; Non-Members: 150 RMB.
Please pay via Yoopay by click Here.
Price includes 2 drinks and snacks.