Saturday, May 31, 2025

Latest

Tesla’s China Exports Jump in August as Chinese EV Sales Soar 275%

Tesla’s (NASDAQ: TSLA) exports of Chinese-made vehicles ramped up last month, as the automaker expanded production at its Shanghai factory.

According to data published by the China Passenger Car Association (CPCA) on Wednesday, Tesla sold a total of 44,264 Chinese-made cars in August, marking a 29% month-over-month increase, and a 275% jump from the same period a year ago. Of the total EV sales, 31,379 of them were exported.

Tesla’s domestic sales of China-made vehicles were up from 8,621 cars to 12,885 cars last month, despite the automaker’s substantial focus on exports. Still, local sales of Model Ys and Model 3s rose 9% from August 2020. The recent jump in sales comes as major automakers around the world grapple with a severe global semiconductor shortage, which has forced some car manufacturers in the US to even shut down factories.

Back in July, Tesla unveiled a more affordable version of the Model Y for Chinese consumers, after facing heightened scrutiny from both regulators and the public, as well as increased competition from domestic rivals. The lower-range Model Y saw its price fall nearly 20% to $42,600, which will now make eligible for government-funded subsidies.


Information for this briefing was found via the CPCA and Reuters. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Leave a Reply

Video Articles

How To Profit From $3300 Gold? An Inside Look At A Massive 300,000 Oz Project | Martino De Ciccio

We’re At The Start of a Great Silver Boom | Ross McElroy & Andy Bowering – Apollo Silver Corp

Equinox Gold Q1 Earnings: When Everything Goes Wrong

Recommended

ESGold Begins Concentration Tests Ahead Of First Production

Sterling Metals Hits 0.21% Copper Over 482.8 Metres In First Drilling At Soo Copper project

Related News

Consumer Reports Removes Tesla S ‘Recommend’ Rating Over Growing Reliability Concerns

It appears that Tesla is beginning to lose its lustre among an increasing number of...

Saturday, November 21, 2020, 11:42:00 AM

Are Russia and China Using Kazakhstan’s Uranium to Launder Money?

Kazakhstan, a Central Asian nation with vast mineral resources, has become a focal point in...

Tuesday, May 21, 2024, 12:36:00 PM

New Tesla Recall Over Rear Light Issue May Affect Over 320,000 Cars

Tesla Inc (NASDAQ: TSLA) is recalling about 321,000 2023 Model 3 and 2020-2023 Model Y...

Monday, November 21, 2022, 03:49:00 PM

‘The Big Short’ Michael Burry Reveals His Tesla Short is Getting ‘Bigger and Better’

Tesla’s astronomical price increase over the past year appears to have caught the attention of...

Tuesday, January 12, 2021, 04:05:00 PM

US Cuts Off China In EV Supply Chain, EV Tax Credits To Be Impacted

The Biden administration has introduced new regulations aimed at curbing China’s influence in the country’s...

Monday, December 4, 2023, 10:50:20 AM