Tesla Announces Eight New Hires Including a New CFO for China
On May 25, Tesla Inc. published a blog post on its official website introducing eight new talents they have hired recently. Among them, the CFO of the recently announced Tesla (Shanghai) Co., Ltd. has been confirmed to be James Zhou, a seasoned executive in the automobile industry.James Zhou started last month as the CFO of Tesla’s wholly-owned Chinese company. Previously, James served as the CFO for Asia Pacific and India for Ingersoll Rand, and prior to that, he held a number of financial leadership positions at General Electric and General Motors.
As the largest EV market in the world, China contributed around 17 percent of Tesla’s total revenue in 2017 and the electric car-maker has said it plans to build a gigafactory in the country. Recent reports also show that Tesla will be slashing the prices of all their products in China, up to $14,000 off its Model X, after Beijing announced major tariff cuts for imported automobiles.
“We’re excited to welcome a group of such talented people as we continue to ramp (up) Model 3,” Tesla said in the blog post, adding that it would announce more hires in the coming days.