Half of Tesla's global deliveries in 2021 came from China, as the EV maker moved its export hub to Shanghai from Fremont
Added 01-12-22 03:14:02am EST - “Tesla sold a record 70,847 Shanghai-made vehicles in December, the majority of which were for the Chinese market.” - Businessinsider.com
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Posted By TheNewsCommenter: From Businessinsider.com: “Half of Tesla's global deliveries in 2021 came from China, as the EV maker moved its export hub to Shanghai from Fremont”. Below is an excerpt from the article.
Tesla's Gigafactory in Shanghai looks poised to play a more prominent role after the electric vehicle maker moved its export hub from Fremont, California, to China.
According to Reuters calculations, about half the 936,000 vehicles Tesla delivered last year came from Tesla's Gigafactory in Shanghai.
The estimate comes on the back of data from the China Passenger Car Association (CPCA) yesterday, which showed the EV maker sold a record 70,847 vehicles in December, taking the total sales of its made-in-China cars to at least 473,078 in 2021, according to Reuters calculations. In December, Tesla exported just 245 vehicles out of China, but exports were far higher in October and November — 40,666 and 21,127, respectively — according to the CPCA. Tesla typically focuses on local deliveries in the last month of the quarter, Musk said in a tweet.
Robust deliveries from China come as production at Tesla's Shanghai Gigafactory has overtaken its former top factory in Fremont, California.
In its second-quarter earnings presentation last year, the world's most valuable carmaker said that it had made the Shanghai factory its primary vehicle export hub "due to strong US demand and global average cost optimization."
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