Shulou(Shulou.com)11/24 Report--

CTOnews.com, Nov. 4 (Xinhua) according to Nikkei Asia, Ganesh Iyer, CEO of Xilai Motor USA, laid out his vision for the US market at a meeting on Thursday local time: the goal is to sell the first car in the United States in 2025.

This is part of the expansion goal of Xilai Motor to 25 countries and regions. "my goal and commitment to this company is to hope that one day all of us will be able to buy an Ulay with our personal wages," Iyer said. "I hope that day will come faster, which means we need everyone's help-from the government, policy makers, the supply chain and infrastructure."

It is reported that Xilai may face pricing problems in the US market because local competitors such as Tesla can enjoy preferential tax policies. The inflation reduction Act passed by the US government last year includes a $7500 tax credit for consumers who buy eligible electric vehicles (CTOnews.com Note: currently about 54900 yuan).

However, Ganesh Iyer said that the electric cars it sells to the US market will still be made by Chinese factories because of the high cost of building a factory in the United States. He explained: "there are many local suppliers in China who supply us exclusively, but they do not do business in the United States." if I want to build a factory, I need to choose the right location, where there are many other suppliers. I also need to bring in some of our suppliers, who are of strategic significance and particularity to Weilai. "

In addition, Ganesh Iyer said the high-end models of Xilai are "too expensive" and are not eligible for a reward no matter where they are made.

When asked if Ulay would be available in the US market in 2025, Ganesh Iyer said that "things may change in two years' time."

CTOnews.com previously reported that Li Bin, founder of Xilai Motors, said in a full letter yesterday that the company would lose about 10 per cent of its jobs, with specific adjustments to be completed in November. A total of 16074 new cars were delivered in October, up 59.8 per cent from a year earlier and 2.8 per cent from a month earlier.

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