Also due to government subsidies, China’s electricity market has become the largest in the world. So it is not surprising that Tesla also wants to get a large stake in China. In July and August, the e-car pioneer expanded its factory in Shanghai. This investment is already bearing fruit.
The company set a new record in China with sales of 83,135, according to a report by the China Passenger Car Association (CPCA). According to CPCA data, sales grew 8 percent from August, allowing Tesla to outpace the growth of the overall Chinese EV market (5 percent).
Tesla’s Gigafactory in China contributes to the growth of the power in two ways. On the one hand, Tesla’s largest plant was still partially closed in August due to expansion. On the other hand, Shanghai now has the highest production capacity. Instead of the original 17,000 units of the Model 3 and Y produced there, the group can now build 22,000 vehicles. The potential is huge for the group Reuters– Reports until the end of the year, however, are not fully used.