Sales of Tesla’s China-made vehicles will hit 77,000 units in August, CPCA official says
of Tesla (NASDAQ: TSLA) Sales of vehicles made in China are expected to reach 77,000 units in August 2022, local media reported Friday citing an official from the China Passenger Car Association (CPCA).
Cui Dongshu, Secretary General of the CPCA, said, “As Tesla’s capacity utilization continues to increase, production is strong after late July, although it encountered brief parts supply pressure.”
The Securities Times report provided no further details. If the figure is correct, it would imply that Tesla’s August sales of Chinese-made vehicles were up 74% year-over-year and 173% from 28,217 in July 2022. This would also be the second most Chinese-made vehicles in Tesla history.
Actual numbers are expected to be announced by the CPCA later this month.
Lately, several media reported that the automaker upgraded its production line at Giga Shanghai between late July and early August. After the upgrade is complete, Tesla (TSLA) will expand its annual capacity to around 1.1-1.2 million units.
The company’s latest financial report showed that Giga Shanghai now has an annual capacity of more than 750,000 vehicles.
TSLA shares edged higher pre-market
Elsewhere, Tesla (TSLA) appears to be increasing interest in manufacturing in Canada