Tesla Inc hires new CFO for China

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Tesla Inc has announced a number of key executive hires consisting former GE and General Motors executive James Zhou as its China CFO and Neeraj Manrao, a former Apple executive, as director of energy manufacturing.

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

“We’re excited to welcome a group of such talented people as we continue to ramp (up) Model 3,” Tesla wrote in a blog post, adding it would reveal more hires in the coming days.

China contributed around 17 percent of Tesla’s overall revenue in last year and the electric automaker has stated it plans to build a gigafactory in the country.

The company on Wednesday cut up to $14,000 off its Model X in China following announcement from Beijing major tariff cuts for imported automobiles.

Tesla has observed the departure of several senior executives and is also flattening its management structure as it looks to improve efficiency and clear up production bottlenecks connected to its new Model 3 sedan.

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