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Tesla China's factory is up and running, is expected to deliver 120,000 - 150,000 cars in 2020.

Iran & US tension pushes crude oil higher, this will help pushing electric vehicle revolution in China as China is importing crude oil over 11 million barrels per day. China is consuming around 10 million barrels per day from Motor vehicles.


China Hits Record Oil Imports as Iran Crisis Risks Energy Security
January 7, 2020 12:33, Last Updated: January 7, 2020 12:33
By Chriss Street
News Analysis

China is hitting all-time records for daily crude oil import volumes, just as the military confrontation between the United States and Iran threatens China’s energy supply security.

The General Administration of Customs announced that China’s monthly oil imports on a daily basis hit a record 11.13 million barrels per day (bpd) in November, up from 10.72 million bpd in October and 9.61 million bpd in November last year. At the current pace, China has passed the U.S. peak crude oil import level of 10.1 million bpd in 2005.