Oct 9 (Reuters) – Tesla Inc (TSLA.O) delivered 83,135 Chinese-made electric vehicles in September, breaking the month’s record, according to a report released by the China Passenger Car Association (CPCA) on Sunday. .
That figure was up 8 percent from August and set a record since Tesla’s Shanghai plant began production in December 2019, topping a June high of 78,906 deliveries as the American automaker continued to expand in China. Invest in production.
“Sales of Tesla vehicles made in China reached an all-time high, demonstrating that electric vehicles are leading the way in mobility,” Tesla said in a brief statement.
Globally, Tesla said last week that it delivered 343,830 electric vehicles in the third quarter, a record for the world’s most valuable automaker but below Refinitiv’s average estimate of 359,162.
Reuters previously reported that Tesla accelerated deliveries to China after suspending most production at its Shanghai plant in July for upgrades, bringing the plant’s weekly capacity to about 22,000 vehicles from June levels. The level is about 17,000 cars.
Ever since the factory opened in the second-largest market in late 2019, Tesla has been aiming to run the factory at full capacity in the Chinese commercial hub.
However, Reuters last month, citing sources, said the company plans to keep its Shanghai plant at about 93% capacity by the end of the year, a rare move for an American automaker. They didn’t say why they did it.
The plant, which makes the Model 3 and Model Y, which are sold in China and exported to other markets including Europe and Australia, reopened on April 19 following the COVID-19 lockdown but did not resume production until mid-June.
Production is accelerating despite the heat and COVID restrictions for suppliers in the southwest of the country.
Tesla, which has been offering insurance benefits to Chinese consumers since September, is facing increasing competition from domestic electric vehicle makers amid a sharply weakening economy amid stringent COVID-19-related restrictions. Consumption has dropped.
China’s BYD (002594.SZ) continues to lead the domestic EV market with wholesale sales of 200,973 units in September, up nearly 15% from August. Higher oil prices and government subsidies continue to encourage more consumers to opt for electric vehicles, according to the CPCA.
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Post time: Nov-14-2022
