Tesla has been growing vehicle production at an incredible pace. And even more impressively, the EV maker is achieving this growth at the same time, the entire automotive industry has been forced to cut production due to the worldwide supply disruption caused by the COVID-19 pandemic.
And the most significant growth center for the EV maker has been Giga Shanghai. Within three years of the groundbreaking ceremony, Tesla's China factory has already surpassed an annual production run rate of over 1,000,000 vehicles.
This makes Giga Shanghai Tesla’s biggest production hub surpassing the decade-old Fremont California plant. For instance, last November, Tesla hit a new wholesale record out of Giga Shanghai producing 100,291 vehicles in a single month.
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November’s number was a 192 percent growth year over year and a 14 percent increase month over month.
However, the rapid growth seemed to be stabilizing. According to the wholesale number released by China Passenger Car Association (CPCA), Tesla’s production was down to 55,796 in December.
However, January and February numbers showed some revival with Tesla China producing and selling 66,051 and 74,402 vehicles respectively in the first two months of the year. January and February’s numbers are 10% and a 31% growth respectively year over year.
And the momentum seems to be continuing in March with Tesla producing 88,869 vehicles in the last month of the quarter. March’s numbers are a 35% growth year over year and a 19.4% growth month over month
Out of the total March sales, it’s not yet known what percent was sold locally and what percent was exported to other countries. We also have yet to learn what the proportion of sales is between Model Y and Model 3.
In China, CPCA reported an estimate of 88,869 @Tesla wholesale in March. Wholesale is local sales in China and exports. So it's the output of Giga Shanghai.This is the second best month and best quarter so far. Even though it is the shortest quarter of the year, Chinese New… pic.twitter.com/IMjnIBv9xX— Roland Pircher (@piloly) April 4, 2023
And making Tesla’s March number even more impressive, this is the second-highest production month for the EV maker in China despite the end of EV incentives and the difficult macroeconomic situation in the country.
This means Tesla was able to set a new March production record despite having to deal with several issues out of the company’s control. Currently, Tesla seems to keep growing vehicle production no matter what.
And we will be sure to keep you posted on Tesla China’s performance going forward. Until then make sure to visit our site torquenews.com/Tesla regularly for the latest updates.
So what do you think? Are you happy with Tesla China’s performance in March? Do you think the EV maker will be able to return to November’s record production next month? Let me know your thoughts in the comments below.
Image: Courtesy of Tesla
For more information check out: Tesla Celebrates Giga Texas Achieving An Annualized Production Rate Of 200,000 Model Ys
Tinsae Aregay has been following Tesla and The evolution of the EV space on a daily basis for several years. He covers everything about Tesla from the cars to Elon Musk, the energy business, and autonomy. Follow Tinsae on Twitter at @TinsaeAregay for daily Tesla news.