"Shipments from Tesla Inc.'s Shanghai factory increased in September as China's car market kicks off its busy sales period and automakers start their final push to meet annual targets. The carmaker shipped 90,812 units from the plant last month, up 2.8% from a year earlier, according to preliminary data released by China's Passenger Car Association. While the figures don't split out exports from domestic sales, most of those vehicles will go to customers in China."
"While it's unclear if Tesla can continue its sales run in the US, the strong September figure in China signals confidence about demand heading into the fourth quarter, with the Golden Week holiday at the start of October acting as a barometer for the rest of the year. The Musk-led company also started deliveries of a six-seat Model Y sport utility vehicle to attract more family-minded buyers."
Tesla's Shanghai plant shipped 90,812 vehicles in September, a 2.8% year-on-year increase, with most units likely sold domestically. The rise interrupts a trend of falling wholesale output from Shanghai, which had declined in seven of nine months this year. Strong September shipments helped produce record global deliveries in the third quarter as US buyers rushed for expiring EV tax credits. The September performance signals confidence in Chinese demand ahead of Golden Week and the fourth quarter. Tesla began deliveries of a six-seat Model Y to attract family buyers. Rival BYD posted its first year-on-year sales drop in over 18 months, and regulators are addressing fierce price competition.
Read at www.mercurynews.com
Unable to calculate read time
Collection
[
|
...
]