Sign In

SHANGHAI (Reuters) -Tesla sold 76,965 Chinese-made vehicles in August, nearly triple its sales from a month ago, as it quickened deliveries after ramping up output at its Shanghai plant.

The U.S. carmaker exported 42,463 Model 3s and Model Ys from China last month, the China Passenger Car Association (CPCA) said. In July, it sold 28,217 vehicles and exported 19,756.

After a scheduled upgrade disrupted most production in July, Tesla ramped up output at the Shanghai plant in August, defying heatwaves and COVID curbs that hit its suppliers in the southwest region.

Battery maker CATL's Yibin plant, which mainly supplies battery cells to Tesla Shanghai, had to shut part of its operations due to local power restriction policies in mid-August.

The output ramp-up enabled Tesla to accelerate deliveries of the Model 3 and Model Y electric cars to customers especially in China, where it faces more competition from local rivals.

It slashed delivery waiting time for its two best-selling models to a maximum of 14 weeks in China, while buyers of the rear-wheel drive Model Y can pick up the SUV in a month after placing the order, according to Tesla's Chinese website.

China's overall passenger car sales in August jumped 28.4% from a year earlier to 1.9 million, the CPCA said.

After a difficult start to the year that has seen China's economy slow amid COVID lockdowns, auto sales in China have rebounded thanks to government incentives and tax breaks.

Exports of passenger vehicles jumped 77.5% last month, bucking an overall export growth slowdown, CPCA said.

Sales of electric cars accounted for 28% of the total in August and rose by 111.2%, it added.

BYD led the electric vehicle producers with 173,977 cars delivered in August, while Nio, Xpeng and Li Auto delivered 10,677, 9,578 and 4,571 vehicles, respectively.

No. Subject Author Date Views
109 The three major stock exchanges in the United States are: admin 2024.03.04 107
108 Tesla could start building a lithium refinery admin 2022.09.09 281
» Tesla triples deliveries of China-made cars after upgrade in Shanghai plant solatoz@gmail.com 2022.09.08 317
106 TESLA SMART SCORE & RATINGS solatoz@gmail.com 2022.09.08 309
105 Tesla can surge 30% admin 2022.09.06 285
104 Tesla stock is big buy, Goldman Sachs says solatoz@gmail.com 2022.09.06 273
103 TESLA - Reports & Ratings - 09/01/2022 admin 2022.09.01 109
102 CFRA REITERATES STRONG BUY RECOMMENDATION ON SHARES OF TESLA INC. file solatoz@gmail.com 2022.08.18 119
101 Why Tesla Stock Crashed Today file admin 2022.05.05 139
100 Elon Musk - 'No further TSLA sales planned after today.' admin 2022.04.28 141
99 Nasdaq Falls 4% As Tesla, AMD Take A Big Slide admin 2022.04.26 146
98 Disney Stock Tumbles Amid Fallout From Florida Controversy admin 2022.04.23 137
97 Downgraded Twitter stock from [hold] to [sell] file admin 2022.04.15 145
96 Tesla's Giga Shanghai To Resume Operation Beginning Monday Following Protracted Shutdown: Report file admin 2022.04.15 113
95 Where Will Tesla Stock Be In 2030? Analyst Weighs In file admin 2022.04.09 130
94 Tesla stock split indicates 'a massive position of strength,' file admin 2022.03.29 97
93 Tesla (TSLA) is aiming for another stock split this year pending shareholders’ approval admin 2022.03.28 140
92 A quarter point file admin 2022.03.03 116
91 Russia-Ukraine conflict is a worry, but this is still the biggest threat for stock investors file admin 2022.02.23 139
90 Roblox Stock Tumbled 26% admin 2022.02.17 101