Passenger Association: Tesla China sold 77,000 domestic cars in August, an increase of 173% month-on-month

On September 2, according to foreign media reports, on Thursday, local time, the China Passenger Transport Association said that in August this year, Tesla China sold 77,000 Chinese-made cars, an increase of 173% month-on-month and a year-on-year increase of 74%.

Foreign media said that although Tesla’s August sales figures were much higher than July’s 28,000 vehicles, they were basically flat with June’s 78,000 vehicles, suggesting that as the economy slows and buyers cut spending, sales in China The growth rate of the world’s largest auto market will face challenges.

At the beginning of August, data released by the China Passenger Transport Association showed that in July this year, Tesla China sold about 28,217 Chinese-made vehicles, a decrease of 64.2% compared with the 78,906 in June this year. Compared with the 32,968 units in 2018, a year-on-year decrease of 14.41% was due to the interruption of production due to the planned upgrade of the production line of its Shanghai Gigafactory.

Currently, Tesla has a super factory in Shanghai, which underwent a two-week production line optimization and upgrade in July, which caused production to be interrupted for a time.

In the second quarter 2022 financial report released in July, Tesla said that due to the capacity upgrade of the Shanghai factory, the annual production capacity of the factory has exceeded 750,000 vehicles, making it the highest-producing super factory under Tesla for the first time. It surpassed Tesla’s Fremont, California factory for the first time.

Currently, Tesla produces the domestic Model 3 and Model Y in its Shanghai Gigafactory, which produces cars not only for the domestic market but also for foreign markets.

At the end of July last year, Tesla said it had completed the transformation of the Shanghai Gigafactory as a major auto export center thanks to strong demand in the U.S. local market and optimization of global average costs.

In early August, the China Passenger Transport Association said that in July this year, Tesla China exported 19,756 Model 3s and Model Ys, up from 968 in June this year, but down from 24,347 in July last year.