Tesla to increase output in China after sales up 36% in January
Tesla Inc.، the top American Electric carmaker، plans to increase output at its Shanghai plant starting from today till the end of next March to meet the great demand stirred up by aggressive price cuts which amount to nearly 10 % or $10 thousand on its best-selling models، such as Model Y and Model 3 after its average daily retail sales in China surged 36% over the same month a year earlier، to reach more than 25.7 thousand vehicles.
Tesla will produce a weekly average 20،000 units at its Shanghai factory
The Tesla Inc.، the top American Electric carmaker stated that it will produce a weekly average of nearly 20،000 units at its Shanghai factory over the next two months، February and March، according to the planning memo seen by Reuters reporters which detailed output plans for Tesla's most productive and profitable manufacturing hub in China، the largest car market in the world.
The Tesla Inc.، the top American Electric carmaker، which cut prices، weeks ago، globally on its electric vehicles by as much as 20% or nearly $10 thousand sparked what analysts have described as a price war، as worl car companies such as Ford Motor have followed the company in slashing prices.
Tesla daily retail sales in China surged in January
Tesla Inc.، the top American Electric carmaker، average daily retail sales in China surged in the first 29 days in January، to 25،686 cars coparing to the same month in 2022.
Tesla Inc. has also tried to attract buyers from North America with price reductions as in early last December when offered U.S. buyers a $3،750 credit for Model Y or Model 3 if they had their vehicle delivered in the same month and in the last week of the year، the automaker upped that discount to $ 7،500 then to $ 9،500 for each car.
Tesla surges the production to its rate in last September
When Tesla surges the production، it would take the its Shanghai factory output to roughly its rate in last September، when it turned out 82،088 Model 3 and Model Y cars، while in December، the Shanghai plant had cut output by about 33 % from November last year، and extended a Lunar New Year holiday period for workers in January، to cope with rising inventory، before its price cuts of between 6% and abot 14% in China.
Tesla's، Chief Executive Elon Musk said orders were roughly double production in January after global price cuts and confirmes that 2023 deliveries could hit 2 million vehicles، so long as there was no external disruption.
Tesla's Shanghai plant to export to Europe
Tesla's Shanghai plant produces vehicles for the China market and for export to Europe but Tesla's sales growth was slightly higher than that of major competitor BYD chinese automaker، while overall car sales fell in january 45% in China.
Electric carmaker Tesla Inc also plans to set up an assembly plant at an industrial park in development about 3 kilometers near Felipe Angeles International Airport، a new Mexico City airport، which would serve as its export hub to Europe، USA and
