Tesla Inc. had a big jump in deliveries from its Gigafactory in Shanghai in August after upgrading its assembly lines!
Tesla China’s deliveries from the plant, which makes the Model Y and Model 3, totaled almost 77,000 last month, nearly tripling from July and up 74% from a year earlier, according to data released Thursday by the China Passenger Car Association.
Tweet on Tesla’s Shanghai production
Tesla in Shanghai produced over 77,000 vehicles in August!@Tesla China’s deliveries from the plant, reached 77K last month, up 74% from a year earlier, according to data released Thursday by the China Passenger Car Association, via @barronsonline https://t.co/aS4f65rtRw
— The_Journalbiz (@the_journalbiz) September 8, 2022
More than 42,000 of those deliveries were exports, the association said.
Tesla took up about 12% of the Chinese new energy wholesale market in August, behind the 16% share for BYD’s pure EVs.
The U.S. giant used to dominate the Chinese new-energy vehicle market, but it has lost ground to Shenzhen-based BYD, backed by Warren Buffett, which produces several popular battery electric as well as plug-in hybrid models.
Despite huge production losses in April due to an extended Covid-19 lockdown in Shanghai, Tesla put its plant on hold for several days again in July to upgrade assembly lines, seeking to raise production and make up for lost output. In July, Tesla said the plant could crank out more than 750,000 cars a year after the upgrades.
The plant’s last delivery record was in June, when it sold about 79,000 vehicles made there. It delivered on average about 61,000 vehicles a month in the first quarter of the year before being hit by the disruptions during China’s worst Covid outbreak in April.
Tesla has recently been shortening delivery waiting times to a current maximum of 14 weeks for Chinese consumers, according to its Chinese website.
China’s passenger car market-maintained growth with 1.87 million cars sold in retail in August, a 29% increase from a year earlier, and up 3% from July.