Tesla begins production of Model Y in China
- The Californian manufacturer Tesla started producing cars in China from April 2020. The total number of cars manufactured over the whole year will exceed 100,000 units, since in the first ten months the manufacturer produced 93,000. units. We are more likely to approach the 130,000 units produced at the end of December, the vast majority of which being sold locally. The cars produced up to the end of October 2020 were all 100% electric-powered Model 3 sedans, which correspond well to the Chinese government's desire to encourage Chinese customers to buy electric cars. The Model 3 is a success in China as it has become in a few months the best-selling electric car on the Chinese market, ahead of manufacturers established in this market for several years, such as BYD or BAIC.
- Faced with this unexpected success, the Californian manufacturer is putting a second model into production in November 2020 at its Shanghai factory. This is the Model Y that can be considered as the SUV version of the Model 3 sedan. The electric SUV market has indeed been growing in China since last year, with the breakthrough of the MG ZS SUV in particular. which is also exported to Europe. For the Model 3, the capacity of the Shanghai plant had been set at 200,000 vehicles per year, and October 2020 saturated production capacity over a month, with a volume of 20,000 cars produced. With the arrival of the Model Y, the production capacity of the Shanghai plant will be doubled to 400,000 vehicles per year. Tesla wants at the same time to increase its leadership position in the electric car in China.
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