Tesla's Giga Shanghai production numbers are out. And according to China Passenger Car Association, the EV maker produced 52,859 vehicles in November. This is the second month in a row Giga Shanghai production has decreased and points to stabilizing production rate.
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Tesla has been growing vehicle production at an incredible pace. And even more impressively, Tesla is achieving this growth while the entire automotive industry has been forced to cut production due to the worldwide supply disruption.
And the biggest growth center for the EV maker has been Giga Shanghai. Tesla’s China factory, within two and a half years of beginning construction, has already surpassed an annual production run rate of over 500,000 vehicles.
This makes Giga Shanghai Tesla’s biggest production hub surpassing the decade-old Fremont California plant. For instance, this September, Tesla hit a new wholesale record out of Giga Shanghai producing 56,000 vehicles in a single month.
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September’s number was a 270 percent growth year over year and 26 percent increase month over month.
However, the rapid growth seems to be stabilizing. According to the wholesale number released by China Passenger Car Association (CPCA), Tesla produced 52,859 vehicles in November. Out of the total, 21,127 units were exported to various markets around the world, and the remaining 31,726 vehicles were sold domestically.
November’s numbers show Giga Shanghai production has decreased for the second month in a row. However, the fall in production is only 2.8 percent month over month and year over year November numbers are still up 144 percent.
After the breakneck speed Giga Shanghai has been growing, it’s only logical that production should stabilize at some point. Still, Tesla has filed with Chinese regulators to do expansion work at Giga Shanghai. Once the expansion work is finished, it is expected to bring Giga Shanghai closer to Tesla’s long-term plan of producing 1 million vehicles a year at the plant.
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The slight fall in production was a disappointment for Tesla bulls who were hoping Tesla to produce as many as 60,000 vehicles in November. However, the sentiment is mostly that of understanding given all Tesla has achieved in the past year.
Having said that, there is still hope that Tesla will get back to posting record production numbers out of Giga Shanghai in December. We will be sure to keep you posted when December numbers come out. Make sure to visit our site torquenews.com/Tesla regularly for the latest updates.
So what do you think? Disappointed Tesla did not set a new production record in November? What is your expectation for December and Q4 at large? Let me know your thoughts down in the comments below.
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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.
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