Chinese Investment Bank Expects Tesla Giga Shanghai to Deliver 107,000 Units in Q2 2021

by Eva Fox May 31, 2021

Chinese Investment Bank Expects Tesla Giga Shanghai to Deliver 107,000 Units in Q2 2021

Photo: WU WA/YouTube

The Chinese investment bank, based on data from suppliers, claims that Giga Shanghai's capacity continues to grow. Tesla's factory is expected to be able to deliver 107,000 units in Q2 2021.

In its latest research report, China International Capital Corporation Limited (CICC) indicated that capacity at Tesla's Shanghai plant is increasing, benefiting companies in the supply chain. Based on manufacturer statements and industry supply chain information, CICC expects the factory's Phase 2 production capacity to continue to grow in May and June. This, in turn, will lead to increased sales.

Tesla's sales in China fell 27% in April from the previous month, prompting market concerns. However, the company has significantly increased its exports. In total, Giga Shanghai delivered 25,845 units, 14,174 of which were exported. CICC expects that in Q2 2021, Tesla's factory in China will be able to supply 107,000 units, including domestic sales and exports. Thus, for May and June, the manufacturer should deliver 81,155 EVs, which is a really high figure.

Since the CICC study is based on data from suppliers, there is every reason to believe that the number of Tesla cars made in China can actually reach such high rates.

China International Capital Corporation Limited is the first investment bank jointly established by a Chinese company and a foreign company was established in 1995 by the state-owned China Construction Bank (now owned by CCB Investment), Morgan Stanley, and other shareholders. The main business is to provide domestic and overseas financing and listing services for large state-owned enterprises in mainland China.

© 2021, Eva Fox. All rights reserved.

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