Tesla Inc.’s China operations are back in full swing after an upgrade to its factory in Shanghai and a Covid-19 lockdown in the city slowed production earlier this year.
Elon Musk’s electric-car maker delivered 76,965 Chinese-made vehicles in August, just shy of June’s record 77,938 and a sharp rebound from 28,217 in July, when assembly lines at Tesla’s plant in Shanghai were suspended for upgrades to double annual capacity to about 1 million units.
Of Tesla’s August total, 34,502 vehicles went to the local market and 42,463 were shipped overseas, China Passenger Car Association data released Thursday showed.
I wish there was a way to know how many BEVs and PHEVs are in this 174,915 number:
Warren Buffett-backed BYD Co. remained top with record deliveries of 174,915 cars. The Shenzhen-based automaker shipped about 1 million cars in the first eight months of the year, accounting for about two-thirds of its annual target of 1.5 million.
According to the company’s report, in August, BYD passenger plug-in car sales amounted to 173,977, which is 188% more than a year ago and a new monthly record.
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BYD plug-in car sales results:
BEVs: 82,678 (up 172% year-over-year) PHEVs: 91,299 (up 203% year-over-year) Total: 173,977 (up 188% year-over-year) Some 5,092 BYD plug-ins were exported, which is also a new record.
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Besides passenger cars, BYD sold also some 938 commercial electric vehicles for a total of 174,915 plug-in vehicles last month.
Rob
Former RB and BL Home Fool, Supernova Portfolio Contributor & Maintenance Fool
He is no fool who gives what he cannot keep to gain what he cannot lose.