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Tesla’s Deliveries Of China-Made Cars Triples Following Updating Of Shanghai Factory

Tesla’s Deliveries Of China-Made Cars Triples Following Updating Of Shanghai Factory
In August, Tesla sold 76,965 Chinese-made cars, more than doubling its monthly sales as it accelerated deliveries after increasing output at its Shanghai plant.
According to the China Passenger Car Association (CPCA), the American automaker exported 42,463 Model 3 and Model Y vehicles from China last month. It exported 19,756 vehicles and sold 28,217 in July.
Tesla increased output at the Shanghai plant in August, defying heatwaves and COVID curbs that hit its suppliers in the southwest after a planned upgrade disrupted the majority of production in July.
In mid-August, local power restriction laws forced the battery manufacturer CATL's Yibin plant, which primarily supplies battery cells to Tesla Shanghai, to curtail some of its operations.
Due to increased competition from nearby rivals, Tesla was able to speed up deliveries of the Model 3 and Model Y electric cars to customers, particularly in China.
According to Tesla's Chinese website, it reduced the delivery wait time for its two best-selling models to a maximum of 14 weeks in China, while customers of the rear-wheel-drive Model Y can pick up the SUV one month after placing an order.
According to the CPCA, China sold 1.9 million passenger cars overall in August, a 28.4 per cent increase from the same month last year.
Due to government incentives and tax breaks, China's auto sales have recovered after a challenging start to the year that saw the economy sputter amid COVID lockdowns.
According to the CPCA, even though there was a downturn in export growth, passenger vehicle exports rose by 77.5 per cent last month.
Sales of electric vehicles increased by 111.2 per cent in August and accounted for 28 per cent of all sales.
With 173,977 vehicles delivered in August, BYD led the field of electric vehicle manufacturers. Nio, Xpeng, and Li Auto followed with deliveries of 10,677, 9,578 and 4,571 vehicles, respectively.

Christopher J. Mitchell

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