Business

Tesla’s Shanghai plant eyes 300,000 cars in Jan-Sept despite chip shortage

Facility produces electric Model 3 sedan, Model Y SUV for domestic, international markets

Updated 4 years ago · Published on 26 Sep 2021 6:30PM

Tesla’s Shanghai plant eyes 300,000 cars in Jan-Sept despite chip shortage
About 240,000 vehicles were shipped from Tesla’s Shanghai factory in the first eight months of the year, including many for export, according to China Passenger Car Association data. – Reuters pic, September 26, 2021

BEIJING – Tesla Inc’s Shanghai factory is expected to produce 300,000 cars in the first nine months of the year, capped by a delivery rush at the end of the July-September quarter despite a global semiconductor shortage, said two sources.

The facility makes the electric Model 3 sedan and Model Y SUV for domestic and international markets, including Germany and Japan.

Around 240,000 units were shipped from the factory in the first eight months of 2021, including many for export, according to data from the China Passenger Car Association.

Tesla has not announced details on the plant’s production.

The sources requested anonymity as they are not allowed to speak to the media.

Tesla did not immediately respond to a request for comment.

Last month, an official in the area where the factory is located said it is expected to produce 450,000 vehicles this year, including 66,100 for export.

The company is hiring managers for its legal and external relations teams in China as it faces public scrutiny in the country over data security and customer service complaints. – Reuters, September 26, 2021

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