EV pioneer Tesla delivers its first China-built Model Y crossovers

Tesla, the leading California-based electric car company, has reportedly began delivering the locally-manufactured Model Y crossovers to customers in China, marking yet another achievement for the electric vehicle pioneer in the globe’s largest market for vehicles.

As per China’s state-run leading news agency, deliveries of the made-in-China crossover vehicles started on Monday.

China is known to be the largest market for EV in the world and is critically significant to Tesla as well as its growth plans. Tesla wants to scale its vehicle sale numbers from nearly 500,000 in 2020 to around 20 million annually over the upcoming decade.

In 2020, China was a major driving force behind the delivery volume Tesla achieved, successfully delivered around 499,550 vehicles, a remarkable 36% rise as compared to the previous year, coming slightly below its most up to date 500,000 vehicles guidance.

The firm started Tesla Model 3 sedan’s production at its Gigafactory in Shanghai, China, its first ever plant outside United States, in 2019. Vehicle deliveries of the Tesla Model 3 to customers in China began last year. Since then, CEO Elon Musk has become the richest person in the world owing to the immense 700% gain within the firm’s stock.

The carmaker constructed its $2 billion’ worth Shanghai plant in just under 12 months, a rapid timespan for the international automotive industry. Automakers set up local vehicle production to decrease shipping costs as well as to keep themselves from incurring import duties or facing delays, particularly in China.

Now, the company would be making a greater number of cars in China in 2021 than it did the previous year as it scales up the of production of the Model Y. Meanwhile, Tesla’s Berlin, Germany, and Texas based facilities are soon expected to come online as well.

Source credit: https://www.cnbc.com/2021/01/18/tesla-model-y-first-shanghai-made-crossovers-delivered-in-china.html


Having completed her Post Graduate degree in Digital Marketing, Shreshtha always nurtured an innate passion for writing. She works as a content writer at JustPositivity.com and pens down news articles spanning numerous verticals. Her other interests include reading and travelling.