MILAN, Sep 9 (Class Editori) — Sales of Tesla vehicles made in Shanghai increased in August after the company upgraded its assembly lines. However, the US manufacturer continues to lag behind Chinese rival BYD in the world's largest car market.
Tesla sales from the Chinese plant, which produces the Model Y and Model 3, totaled about 77,000 last month, almost three times the number in July and up by 74% compared to last year, according to data released by the China Passenger Car Association. In August, Tesla captured about 12% of the wholesale market for electric cars in China, falling behind BYD’s 16%.
Despite large production losses in April due to strict lockdowns in Shanghai, in July Tesla decided to shut down the plant again in order to upgrade its assembly lines, thus trying to increase production and make up for lost time. In July Tesla stated that the plant has a capacity of 750,000 cars a year after upgrades.
The Chinese passenger car market maintained its growth in August with 1.87 million cars sold by retail, up by 29% from a year earlier and by 3% from July. Of all vehicles produced in China, more than 30% were electric cars or plug-in hybrids.
(Source:Class Editori)
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