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Tesla hires new chief financial officer for China



(Reuters) – Tesla Inc ( TSLA.O ) on Friday announced that GE and General Motors executive James Zhou as its China CFO and Neeraj Manrao, a former Apple executive , as director of energy manufacturing.

FILE PHOTO: A Tesla dealership is seen in West Drayton, just outside London, Britain, February 7, 201
8. REUTERS / Hannah McKay / File Photo

Zhou previously served as CFO for Asia Pacific and India for Ingersoll Rand.

"We are excited to welcome a group of talented people as we continue to ramp up Model 3," Tesla said in a blog post / 2J6hGZy)

China contributed around 17 percent of Tesla's total revenue in 2017 and the electric carmaker has said it plans to build a gigafactory in the country.

The company on Wednesday slashed up $ 14,000 off its Model X in China after Beijing announced major tariff cuts for imported automobiles.

Tesla has seen the departure of several senior executives and is therefore flattening its management structure as it seeks to improve its efficiency and clear up its bottlenecks.

Reporting by Munsif Vengattil in Bengaluru; Editing by Shounak Dasgupta


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