Industry dynamics

Tesla Shanghai plant exports record 54,504 vehicles in Oct

Publishtime:2019/08/16 Views:11

Tesla delivered 17,200 vehicles to local Chinese consumers in October. The company produces new vehicles in the first half of each quarter primarily for export.

Notably, Tesla produces new cars in the first half of each quarter primarily for export, and October's numbers continue that pattern.

"Tesla makes cars for export in first half of quarter & for local market in second half," the company's CEO Elon Musk's account wrote on Weibo on August 18 in both Chinese and English.

Tesla has a factory in Shanghai that makes the Model 3 and Model Y. The company currently offers two versions of the Model 3 in China, as well as three versions of the Model Y.

The CPCA's latest report did not provide a breakdown of Model 3 and Model Y sales in China, which are expected to be revealed in an upcoming report.

On October 24, Tesla cut the price of the full Model 3 and Model Y lineup in China, as it appears to be starting to face a lower order pool.

On November 3, the CPCA released data showing that Tesla sold 71,704 China-made vehicles in October, second only to BYD's 217,518 new energy passenger car sales.

Earlier today, Tesla announced a discount of up to RMB 8,000 ($1,110) for Chinese consumers who purchase inventory vehicles.