Tesla

Tesla plans to keep production at its Shanghai plant at about 93 percent of capacity by the end of the year, according to a Reuters report.

From January to August, the Model Y sold 172,418 units in China, nearly tripling the sales of the Model 3, which has the seventh highest value retention rate.

Tesla will increase capacity by increasing the number of employees and improving the frequency of material turnover, with an estimated 4,000 new employees after the production line optimization is completed.

To date, Tesla has more than 1,300 Supercharger stations in the Chinese mainland, offering more than 9,000 Superchargers.

Local media earlier today cited several Tesla salespeople as saying that a small number of existing Model 3 and Model Y vehicles are currently available for sale.

For Tesla owners who get deliveries from September 16 to September 30, they can receive a subsidy of RMB 8,000 if they choose to purchase insurance in a Tesla store.

Tesla will put more emphasis on lower-cost suburban stores that can also offer repair services to improve service to existing customers, according to Reuters.

From January to August, the Tesla Model Y is also the best-selling premium SUV in China with 172,418 retail sales.

Tesla announced the development today as China approaches the traditional Mid-Autumn Festival holiday over the weekend, which is typically a peak travel time.

Tesla China exported 42,463 vehicles in August, the highest since production began at Tesla's Shanghai plant. This means Chinese consumers received deliveries of 34,502 vehicles.