The best Chinese EV manufacturer is an American, says Tesla CEO Elon Musk

The best Chinese EV manufacturer is an American, says Tesla CEO Elon Musk

Tesla CEO Elon Musk called his own electric vehicle manufacturing company the leading electric car manufacturer in China, the world’s largest electric car market.

Through :
HT Autodesk

Updated on:
July 22, 2022, 2:59 PM

File Photo – Tesla CEO Elon Musk dances onstage at a delivery event for Tesla’s China-made Model 3 cars in Shanghai. (REUTERS)

Tesla CEO Elon Musk claims his company is the top EV manufacturer in China, the world’s largest electric vehicle market. According to reports, Musk said this during a meeting about Tesla’s Q2 results. Although Musk praised his Chinese rival EV companies, he insisted that Tesla is the best China has.

China is one of the biggest markets for Tesla. It had set up its first Gigafactory outside the United States in Shanghai. At the meeting earlier this week, Musk referred to Chinese EV rivals saying, “They’re smart, they’re hardworking, and anyone who isn’t as competitive as they are will back down. Right now, Tesla China is the top Chinese EV manufacturer. “

Tesla’s factory in China ended the second quarter with record production per month after being forced to close due to Covid-19-related lockdowns. Tesla lost about 40,000 units worth three weeks in production between March and April as a result of the lockdown. However, it managed to keep a fraction of production. Tesla had its employees sleep on site or nearby to run the facility on pure power. The Shanghai Gigafactory could deliver about 44,300 cars in April and May.

The lockdown in Shanghai ended last month. It saw EV shipments from Tesla’s factory shoot up to a record 78,906 units. Tesla has also upgraded its production lines at its Shanghai factory to make up for lost time due to the lockdown. It aims to produce 7.50 lakh electric cars every year from its factory in China, up from 4.50 lakh units previously. Musk had previously said Tesla will produce more than 1.5 million vehicles worldwide this year.

Tesla said it shipped 2.54 lakh vehicles worldwide in the previous quarter, up 27 percent from a year ago, but down from the first quarter record of 3.10 lakh units. It was the first time in two years that the company failed to increase vehicle deliveries from one quarter to the next. In April, Musk predicted the company would produce more than 1.5 million vehicles this year. Tesla had made about 564,000 in the first half.

Date of first publication: July 22, 2022, 2:59 PM IST