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Giga Shanghai continues to ramp up production in an effort to meet consumer demand for Tesla vehicles—not only in China but also beyond. In November, the company registered 21,604 vehicles (data by CPCA), which is a new record and about a 78% MoM increase.
In October, Tesla sold 12,143 vehicles in China, up 7.18% from September, when the company sold 11,329 units domestically. In addition, the factory produced another 7,000 Model 3s that were shipped to Europe (October), demonstrating a significant increase in production capacity.
According to the company's goals, production will continue to increase, reaching 300,000 Model 3s in 2021. In addition, at the moment, Tesla plans to reach a production capacity of 250,000 Model Y in 2021.
At the end of November, made-in-China Tesla Model Y received a sales permit and was included in the list of new energy vehicle models exempted from purchase tax. The company says the start of mass production will begin in early 2021.
China is an extremely important market for Tesla's global outlook, and sales of its electric vehicles there have a huge impact on overall performance. Therefore, in the future, the company intends to further increase car production at Giga Shanghai.
In parallel with this, the demand for Tesla cars in the domestic market continues to grow steadily. In October, when Giga Shanghai produced and shipped 7,000 Model 3s to the European market, the waiting times for Chinese customers increased, making the company's cars even more attractive and desirable. Tesla was able to partially quench the thirst of buyers in the local market, however, despite the constant increase in production capabilities, Giga Shanghai is barely keeping up with demand.
© 2020, Eva Fox. All rights reserved.
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About the Author
Eva Fox
Eva Fox joined Tesmanian in 2019 to cover breaking news as an automotive journalist. The main topics that she covers are clean energy and electric vehicles. As a journalist, Eva is specialized in Tesla and topics related to the work and development of the company.
