Tesla sales rebound sharply in China, revving recovery – Proactive Investors USA

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping us understand which sections of the website you find most interesting and useful. See our Cookie Policy for more information.
Strictly Necessary and Functional
These cookies are used to deliver our website and content. Strictly necessary cookies relate to our hosting environment, and functional cookies are used to facilitate social logins, social sharing and rich-media content embeds.
Advertising Cookies collect information about your browsing habits such as the pages you visit and links you follow. These audience insights are used to make our website more relevant.
Performance Cookies collect anonymous information designed to help us improve the site and respond to the needs of our audiences. We use this information to make our site faster, more relevant and improve the navigation for all users.
Pharma & Biotech
Battery Metals
Pharma & Biotech
Battery Metals
08:20 Fri 08 Jul 2022
Norsk Titanium is innovating the future of metal manufacturing
The US e-vehicle company delivered 78,906 vehicles last month, more than double the 33,155 delivered last June, and up 145% month-over-month
Tesla Inc (NASDAQ:TSLA) shipped a record number of China-made cars in June ai it rebounded swiftly after restrictions to stop Covid’s spread in Shanghai crippled the electric vehicle company’s plant there.
China’s Passenger Car Association (CPCA) said the US company delivered 78,906 vehicles last month, more than double the 33,155 delivered last June and up 145% month-over-month. 
While 77,938 electric vehicles were sold domestically in June, just 968 were exported, while in May the firm sold 32,165 vehicles and exported 22,340.
Additionally, Tesla’s Shanghai plant achieved the highest monthly output in June, according to CPCA, though it did not go into detail. 
Elon Musk, CEO, had urged employees elsewhere to work harder after the lockdowns caused deeper disruptions to output than he had expected.
Model 3s and Model Ys are manufactured at the Shanghai plant, which reopened on April 19, but full production did not resume until mid-June.
CPCA said Chinese passenger car sales in June increased 22% from a year earlier as a result of government measures with car sales expected to increase by around 20% in July from last year and strengthen again in the fourth quarter.
Add related topics to MyProactive
Create your account: sign up and get ahead on news and events
ProactiveInvestors is a publisher. You understand and agree that no content in this record or published on ProactiveInvestors’ website (the “Site”) constitutes a recommendation that any particular security,…
The FTSE 100 broke through the 7,400 point barrier this morning for the first time since the Liz Truss mini-budget in mid-September. The index rose despite news from the ONS this morning that the UK economy appeared to contract by 0.2% during the third quarter. Pharma giant GSK said the…
Prev article
Next article
Only registered members can use this feature.
Copyright © Proactive Group Holdings Inc, 2022
All Rights Reserved – Proactive North America Inc., Proactive Investors LLC.
Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use.


Leave a Comment