By the end of August, Tesla had exported a total of 966,945 vehicles from China, according to data compiled by CnEVPost.
Tesla (NASDAQ: TSLA) has reached the 1 million vehicle milestone for export from China, as the US electric vehicle (EV) maker utilizes production capacity in the world's largest EV market to meet demand in global markets.
Today, the millionth China-made Tesla vehicle for export was loaded onto a ship and set sail from Shanghai's port of Nangang, Grace Tao, the company's vice president of external affairs, wrote in a Weibo post.
In just four years since the first batch of vehicles was exported, China-made Tesla vehicles have made their way to Europe, Asia-Pacific, Australia and New Zealand, and have been highly recognized in overseas markets, she said.
“Thanks to the love and support of every new and old owner, we continue to serve global consumers with quality products and accelerate the world's transition to sustainable energy!” Tao said.
Tesla's Shanghai factory, which began construction on January 7, 2019, and became operational by the end of 2019, is the first wholly foreign-owned automotive manufacturing project in China.
Giga Shanghai began delivering Model 3 in January 2020 and Model Y in January 2021 to local consumers.
In addition to delivering vehicles locally, it is also an export hub for Tesla.
The plant began exporting vehicles to overseas markets in April 2021, and exports for the first month were 14,174 units, according to data monitored by CnEVPost.
Giga Shanghai exported 199,437 vehicles in the January-August period of this year, a decrease of 15.05 percent year-on-year.
The Model 3 exported 134,190 units in January-August, up 22.13 percent year-on-year, while the Model Y stood at 65,247 units, down 47.75 percent year-on-year.
By the end of August, Giga Shanghai had cumulatively exported 966,945 vehicles, according to data compiled by CnEVPost.
China-made EVs are now facing more hurdles in international markets, and Tesla is also taking a hit.
The European Union has announced proposed tariff rates for EVs from China, which are 9 percent for Tesla, although this is lower than BYD's 17 percent and SAIC's 37.6 percent.
In China, Tesla sold 388,000 vehicles from January to August, down 0.57 percent year-on-year.
Tesla further extends 5-year 0-interest loan incentive in China to Oct 31
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