Tesla sells record high 78,906 China-made vehicles in June
2022.07.08 12:56
FILE PHOTO: A Tesla logo on a Model S is photographed inside of a Tesla dealership in New York, U.S., April 29, 2016. REUTERS/Lucas Jackson/
SHANGHAI (Reuters) – Tesla (NASDAQ:TSLA) in June achieved its highest monthly sales of China-made vehicles since opening its Shanghai plant in 2019, data showed.
The U.S. carmaker sold 78,906 China-made vehicles in June, including 968 for export, the China Passenger Car Association(CPCA) said on Friday.
In May it sold 32,165 vehicles and exported 22,340.
COVID restrictions in Shanghai in the April-June quarter had hobbled Tesla’s output there while its new factories in Berlin and Texas struggled to increase output.
CEO Elon Musk had urged staff to work harder to make up for the losses at the end of the “very tough” quarter after China’s zero-COVID lockdowns caused deeper disruptions to output than he had predicted.
The Shanghai plant, which manufactures Model 3s and Model Ys, reopened on April 19 but only resumed full production in mid-June.
China’s overall passenger car sales in June totalled 1.97 million, up 22% from a year earlier helped by government measures, CPCA said.
Sales of electric cars accounted for 27% of the total and increased 130.8%, CPCA added.
BYD, which makes both pure electric cars and plug-in hybrids, led the EV players with 133,762 cars delivered in June.
Xpeng (NYSE:XPEV) Inc delivered 15,295 and Li Auto delivered 13,024.
China cut the purchase tax for small-engined vehicles by half on June 1 and local governments including Beijing and Shanghai have also offered subsidies or added car ownership quotas to boost sales.
China on Thursday announced a raft of new measures to spur demand for cars, saying it would consider extending a tax break for electric vehicles and outlining plans to build more charging stations and encourage lower charging fees.
