On April 2, according to three people familiar with the situation, Volkswagen's_ blank" href=" https://news.163.com/news/search?keyword=%E4%B8%AD%E5%9B%BD "> a joint venture in China has agreed to < a target ="_ blank" href=" https://news.163.com/news/search?keyword=%E7%89%B9%E6%96%AF%E6%8B%89 "> Tesla < / a > buys carbon credits to help comply with local environmental regulations. < / P > < p > Tesla has made a lot of money from selling these carbon credits in other markets, but this is its first such deal in China, and it also highlights Volkswagen's shift of its huge fuel vehicle manufacturing business to < a target = "_ blank" href=" https://news.163.com/news/search?keyword=%E7%94%B5%E5%8A%A8%E6%B1%BD%E8%BD%A6 "> electric vehicles < / a > to confront the formidable challenges faced by Tesla. < / P > < p > in 2018, China began to implement a zero carbon emission strategy to force automobile manufacturers to produce more electric vehicles at home. By the end of last year, 12% of the cars that automakers sell in China must be electric or they will be fined. < / P > < p > car manufacturers are awarded carbon credits to offset the impact of producing more polluting vehicles, or they can buy carbon credits from peers who sell electric vehicles. Tesla gets five carbon credits for each electric car it sells in China, where it sold 140000 cars last year. < / P > < p > as the world's second largest automaker, VW's share price has soared since this year because investors are very optimistic about its electric vehicle plan. But in China and elsewhere, the German company still sells traditional diesel vehicles. < / P > < p > China is the world's largest auto market, with more than 25 million cars sold last year. Where < a target = "_ blank" href=" https://news.163.com/news/search?keyword=%E4%B8%80%E6%B1%BD%E5%A4%A7%E4%BC%97 "> FAW Volkswagen has sold more than 2 million cars, so it needs to buy a lot of carbon credits to meet the 12% threshold. In order to help meet increasingly stringent emission targets, Volkswagen and FAW Volkswagen, a Chinese joint venture, have agreed to buy carbon credits from Tesla, according to people familiar with the matter. Volkswagen declined to comment on the deal, but said in a statement that its "strategic goal is to comply with Chinese regulations and we will buy more carbon credits if necessary.". Tesla did not respond to requests for comment. < / P > < p > FAW Volkswagen sold 2.16 million cars last year. According to the public data, FAW Volkswagen and SAIC Volkswagen are among the most serious emission automobile manufacturers in China in 2019. So far, the fuel vehicles produced by these joint ventures in China are far more popular than electric vehicles. < / P > < p > people familiar with the matter also said that it is not clear how many carbon points FAW Volkswagen will buy from Tesla, but the bid of ? Tesla ? Is about 3000 yuan per carbon point, higher than the price of previous years. < / P > < p > the deal actually means that Volkswagen, the largest foreign car manufacturer in China, is subsidizing its competitors, indirectly helping to increase production of electric vehicles. Volkswagen's joint venture in China plans to launch five electric ID models this year. < / P > < p > in the United States, regulators have also set environmental requirements, and Tesla has sold carbon credits to competitors such as Fiat Chrysler. But so far, Tesla has not reported any deals in China. Tesla began manufacturing cars in China in late 2019. < / P > < p > according to a regulatory filing, Tesla's total revenue from selling carbon credits in 2020 is $1.58 billion. (Xiaoxiao) < / P > < p > < b > related reading: < / b > < / P > < p > < / P > < p > < b > Tesla is accused of making profits by selling carbon emission quotas, making profits of nearly US $1.6 billion last year < / b > < / P > < p > < span style = "box sizing: inherit; text decoration thickness: initial; text decoration style: initial; text decoration color: initial; "> electric vehicle < / span > manufacturer < span style =" box sizing: inherit; text decoration thickness: initial; text decoration style: initial; text decoration color: initial; "> Tesla < / span > made its first full year profit in 2020, not because it sold enough cars to customers, but because it sold a lot of regulatory credits. < / P > < p > there are 11 states in the United States that require automobile manufacturers to sell a certain proportion of zero emission vehicles by 2025. If they can't, they will have to buy carbon credits from other peers who meet these requirements, such as Tesla, which specializes in electric vehicles. < / P > < p > for Tesla, it's a profitable business, bringing in a total of US $3.3 billion in revenue in the past five years, and nearly US $1.6 billion in revenue in 2020 alone, far exceeding Tesla's net profit of US $721 million last year. This means that without this additional revenue, Tesla will have a net loss in 2020. "Tesla loses money by selling cars, but it can make money by selling carbon credits," says Gordon Johnson of GLJ research, a short seller in Tesla stock. But that part of the income is disappearing. " < / P > < p > even Tesla executives admit that the company can't count on this extra revenue to sustain its operations. Zachary kirkhorn, its chief financial officer, said: "this has always been a very difficult area for us to predict. In the long run, carbon emission points sales will not become an important part of our business, and we have not planned our business around it. However, sales of carbon credits will remain strong in the coming quarters. " < / P > < p > Tesla also reports other measures of profitability, similar to many other companies. By these measures, the company's profits are high enough that they don't have to rely on selling carbon credits to make a profit. < / P > < p > Tesla announced that gross profit of auto business in 2020 will be US $5.4 billion (excluding carbon emission integral income), and net income after adjustment will be US $2.5 billion, excluding stock compensation and other items of US $1.7 billion. In addition, the company's free cash flow of $2.8 billion increased 158% year-on-year, which is a dramatic change compared with 2018. At that time, Tesla almost ran out of cash and was in danger of running out of funds. < / P > < p > supporters of Tesla say the figures show that after years of losses, Tesla has finally made a profit. This profitability is one of the important reasons why the stock has performed exceptionally well in the past year. 但据风投机构Loup Ventures管理合伙人、知名科技分析师吉恩·蒙?
2023-03-22 10:04:31