Energy News Today

Tesla Inc reveals record production at Shanghai factory

The company made 473,078 vehicles in China last year, which suggests that around half of its annual production is now coming from Shanghai

Tesla Inc (NASDAQ:TSLA) appears to have pulled out all the stops at its Shanghai assembly plant in December, enabling it to ship 70,487 China-made vehicles in the month, the China Passenger Car Association (CPCA) noted.

In October, Tesla said that its Shanghai’s plant can produce over 450,000 vehicles a year, with industry pundits estimating that the factory, which churns out electric Model 3 sedans and Model Y sport-utility vehicles, has the capacity to make around 42,000 electric vehicles (EVs) a month on average.

“They were well over that number in December and this is despite the chip and battery shortages that other EV makers dealt with,” said Beijing-based managing director at Sino Auto Insights Tu Le.

The automaker, which distributes its Chinese-made vehicles to international markets including Germany and Japan, delivered 936,000 vehicles in 2021.

News agency Reuters, extrapolating data provided by the CPCA reckons Tesla made 473,078 vehicles in China last year, which suggests that around half of its annual production is now coming from Shanghai.

Tesla is the only foreign brand in China’s top 10 EV market according to Shanghai-based consultancy Automobility.

Its December sales in China were nearly three times higher than in December 2020, while revenues advanced 34% on November.

Chinese EV maker Nio Inc delivered 10,489 cars last month compared with XPeng Inc’s 16,000, the CPCA said, while German-based Volkswagen AG sold over 13,787, it added.

Read More: Tesla Inc reveals record production at Shanghai factory

2022-01-11 09:07:00

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy
%d bloggers like this: