Tesla’s China Gigafactory sees shipment surge ahead of government subsidy expiry
However, the rebound may not be sufficient to help the company reclaim lost ground in China, an analyst says
The US carmaker’s Shanghai plant, its largest production facility globally, delivered a total of 86,700 Model 3 and Model Y electric vehicles (EVs) in November, a 41 per cent jump from October and a 10 per cent rise from a year earlier, according to data from the China Passenger Car Association (CPCA).
The deliveries include sales within mainland China as well as exports to international markets.
“Tesla benefited from the recent car-buying spree, driven by the anticipation that cash subsidies and tax incentives would be cancelled next year,” said Tian Maowei, a sales manager at Yiyou Auto Service in Shanghai.
However, “this rebound may not be sufficient to help the company reclaim lost ground in China”, he added.