Category: Tesla

Tesla to boost production at Shanghai plant as price cut spurs demand, report says

Tesla plans to produce an average of nearly 20,000 vehicles a week at its Shanghai plant in February and March, with monthly production roughly reaching September levels, according to Reuters.

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China NEV insurance registrations for 2 weeks ending Jan 29: BYD 29,988, Tesla 10,852, NIO 3,435

Sales of NEVs in China have declined significantly over the past two weeks, but this is to be expected as the vast majority of last week was during the Chinese New Year holiday.

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