Tesla’s sales of electric vehicles (EVs) from its Gigafactory Shanghai increased by a fair margin last month, just as the company plans to begin upping production output at the plant.
Tesla sold 66,051 units built at Giga Shanghai in January, representing an 18 percent increase from December’s 55,796 units, according to data from the China Passenger Car Association (CPCA) and as detailed in a report from Reuters on Friday.
The figure also represents a 10 percent increase year over year, and it comes after the Shanghai factory cut output on its vehicles in December due to concerns surrounding demand and inventory.
Tesla Stock Rally Continues After China EV Registrations Surge, Following Price Drops https://t.co/cNNDoqt4gf
— TeslaNorth.com (@RealTeslaNorth) January 17, 2023
Tesla gave its employees an extended break for Lunar New Year, and it paused production at the Shanghai factory for the last week of 2022, both thought to have been to help with the automaker’s rising inventory levels.
In December, Tesla set a new quarterly delivery record, although the company also saw its sales drop off by a little bit in the same month.
The news also comes after months of speculation leading up to Tesla promoting Giga Shanghai head Tom Zhu to a global sales position, and as Zhu has been leading a team from the Chinese factory to help with production at Gigafactory Texas and Gigafactory Fremont.
You can check out the latest going on at Giga Shanghai’s south port in the video below from Wu Wa, showing production is ramping up again after the Chinese New Year holiday:
https://www.youtube.com/watch?v=w4CFjMC2YzE
