© Reuters. A Tesla sign is seen at its factory in Shanghai, China, May 13, 2021. REUTERS/Aly Song/Files
BEIJING (Reuters) – Tesla (NASDAQ:) Inc’s Shanghai factory is expected to produce 300,000 cars in the first nine months of the year, capped by a delivery rush in the end of the July-September quarter, despite a global semiconductor shortage, two sources said.
The factory makes the electric Model 3 sedans and Model Y sport-utility vehicles for domestic and international markets, including Germany and Japan.
Around 240,000 vehicles were shipped from the factory in the first eight months, including many for export, according to data from the China Passenger Car Association. Tesla has not announced details on the factory’s production.
The sources requested anonymity, as they were not allowed to speak to media. Tesla did not immediately respond to a request for comment.
In August, an official in the area where Tesla’s factory is located said it is expected to product 450,000 vehicles this year, including 66,100 for export.
Tesla is hiring managers for legal and external relations teams in China as it faces public scrutiny in the country over data security and customer service complaints.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Be the first to comment