financetom
Business
financetom
/
Business
/
Tesla says it values China suppliers, does not exclude any by origin
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Tesla says it values China suppliers, does not exclude any by origin
Nov 25, 2025 11:49 PM

SHANGHAI (Reuters) -A top Tesla China executive said on Wednesday the U.S. automaker values the role of China-based suppliers and does not exclude any on the basis of country of origin or geographical location.

The remark by Grace Tao, on Chinese social media platform Weibo, came after the Wall Street Journal said this month that Tesla has been requiring suppliers to exclude China-made components in its manufacture of cars in the United States.

"Whether in the United States, China or Europe, Tesla applies the same strict and objective standards for selecting suppliers across its global production facilities," Tao said.

"The country of origin or geographical source of the supplier does not constitute an exclusionary criterion," added Tao, who is Tesla's vice president charged with handling government affairs and public relations in China.

She did not directly refer to the newspaper report.

Tesla's Shanghai factory achieved the lowest prices globally for consumers in China to buy its Model 3 and Model Y with the help of more than 400 domestic supplier, Tao said, adding that more than 60 of them also supply Tesla globally.

Tesla has said it sources locally more than 95% of the components in the China-made Model 3 and the refreshed version of the Model Y. The Model 3 is sold from 235,500 yuan ($33,250) in China, versus $36,990 in the United States.

General Motors has told several thousand suppliers to scrub their supply chains of parts from China, Reuters reported in November, reflecting automakers' growing frustration over geopolitical disruptions to operations.

($1=7.0822 yuan)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Avantor Q2 Adjusted Earnings, Sales Fall; Shares Down
Avantor Q2 Adjusted Earnings, Sales Fall; Shares Down
Aug 1, 2025
06:30 AM EDT, 08/01/2025 (MT Newswires) -- Avantor ( AVTR ) reported Q2 adjusted earnings Friday of $0.24 per diluted share, down from $0.25 a year earlier. Analysts polled by FactSet expected $0.25. Net sales for the quarter ended June 3 were $1.68 billion, compared with $1.70 billion a year earlier. Analysts surveyed by FactSet expected $1.67 billion. Shares of...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Newell Brands Q2 Normalized Earnings, Sales Fall; Full-Year EPS Outlook Cut -- Shares Down Pre-Bell
Newell Brands Q2 Normalized Earnings, Sales Fall; Full-Year EPS Outlook Cut -- Shares Down Pre-Bell
Aug 1, 2025
06:32 AM EDT, 08/01/2025 (MT Newswires) -- Newell Brands ( NWL ) reported Q2 normalized earnings Friday of $0.24 per diluted share, down from $0.35 a year earlier. Analysts polled by FactSet expected $0.24. Net sales for the quarter ended June 30 were $1.94 billion, compared with $2.03 billion a year earlier. Analysts surveyed by FactSet expected $1.95 billion. For...
Kleenex tissue maker Kimberly-Clark's quarterly sales jump on strong demand
Kleenex tissue maker Kimberly-Clark's quarterly sales jump on strong demand
Aug 1, 2025
Aug 1 (Reuters) - Kimberly-Clark ( KMB ) on Friday posted a rise in second-quarter organic sales, led by steady demand for products such as Huggies diapers and Kleenex tissues in domestic and international markets. The Dallas-based firm has broadened its portfolio to offer products from budget to premium price tiers, in an effort to capture demand across income levels...
Copyright 2023-2026 - www.financetom.com All Rights Reserved