Tesla Inc (NASDAQ: TSLA)<\/b> had announced that it attained the highest monthly sales in June for china-manufactured cars since 2019 when the company opened its Shanghai factory, as the company ramped up production that had been affected by\u00a0 COVID-19 lockdown in the city.<\/p>\n
Tesla sold 78,906 China-made cars in June<\/b><\/p>\n
According to the China Passenger Car Association, Tesla sold 78,906 automobiles built in China in June, and 968\u00a0for export. It exported 22,340 cars and sold 32,165 in China\u00a0in May.<\/p>\n
Cui Dongshu, the secretary general of CPCA, said that Tesla also recorded the highest monthly production at its Shanghai factory in June without providing a particular figure<\/p>\n
Whereas its new facilities in Texas and Berlin strained to raise production, COvid limitations in Shanghai in the April to June quarter severely limited Tesla’s output there.<\/p>\n
At the end of the “extremely challenging” quarter, CEO Elon Musk asked employees to put in more effort to make up for the shortfall after China’s zero-Covid shutdowns caused more severe production interruptions than he had anticipated.<\/p>\n
Shanghai factory produces Model Y and Model 3 cars<\/b><\/p>\n
Model 3 and Model Y vehicles are produced at the Shanghai plant, which restarted on April 19 but didn’t resume full operation until mid-June.<\/p>\n
According to the CPCA, China sold 1.97 million vehicles overall in June, an increase of 22% from the same month last year. Cui predicted that auto sales would rise by about 20% in July compared to the same month last year and that demand would likely pick up in the fourth quarter, resulting in substantial growth over the entire year.<\/p>\n
According to the CPCA, sales of electric vehicles increased by 130.8% in June, making up 27% of all vehicle sales.<\/p>\n
For the first time among all passenger cars, Tesla’s Model Y emerged as the best-selling model, with 52,557 units delivered in June. Its starting price of $47,311 is higher than that of the Wuling Hongguang Mini EV, which costs 28,800 yuan.<\/p>\n
With 133,762 vehicles sold in June, BYD was the largest EV manufacturer.<\/p>\n","protected":false},"excerpt":{"rendered":"
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