SHANGHAI :Tesla in June achieved its highest monthly sales of China-made vehicles since opening its Shanghai plant in 2019, data showed on Friday, as the U.S. carmaker ramped up output which had been hit by the city's COVID-19 lockdown.
Tesla also achieved the highest monthly output at its Shanghai plant in June, added CPCA's Secretary General Cui Dongshu, without giving a specific number. CEO Elon Musk had urged staff to work harder to make up for the losses at the end of the"very tough" quarter after China's zero-COVID lockdowns caused deeper disruptions to output than he had predicted.
China's overall passenger car sales in June totalled 1.97 million, up 22 per cent from a year earlier helped by government measures, CPCA said. Cui expected car sales in July to increase by around 20 per cent from a year ago, while demand could further strengthen in the fourth quarter, leading to strong growth for the whole year.
Source: Car News Wire (carnewswire.net)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tesla sold 78,000 China-made vehicles in June, up 142% vs May -CPCA estimatesSHANGHAI :U.S. electric vehicle maker Tesla Inc sold around 78,000 China-made vehicles in June, preliminary estimates published by the China Passenger Car Association (CPCA) showed on Wednesday. This was up 142 per cent from May, when Tesla sold 32,165 China-made vehicles, and up 135 per cent from a year ago.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Tesla sold 78,906 China-made vehicles in June -CPCASHANGHAI : U.S. electric vehicle maker Tesla sold 78,906 Chinese-made vehicles in June, including 968 for export, the China Passenger Car Association (CPCA) said on Friday.CPCA also said passenger car sales in June in China totalled 1.97 million, up 22 per cent from a year earlier.(This stor
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Millions tested in Shanghai as China grapples Covid-19 resurgenceUnless local officials succeed in preventing the virus from spreading, they could be compelled to invoke prolonged, major restrictions on residents' movement, under China's 'dynamic zero Covid' strategy. The country's most populous city, Shanghai, has just emerged from a painful two-month lockdown and is again on high alert – racing to isolate infections linked to karaoke services that had been...
Source: asiaonecom - 🏆 10. / 59 Read more »
Shanghai chases karaoke COVID-19 cluster as China looks to curb outbreaksSHANGHAI: Millions in Shanghai queued up for a third day of mass COVID-19 testing on Thursday (Jul 7) as authorities in several Chinese cities scrambled to stamp out new outbreaks that have rekindled worries about growth in the world's second-largest economy. Local government officials across China were un
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Foreigners cut China debt, buy equities in June - IIFSHANGHAI : Foreign investors continued to cut holdings in Chinese bonds in June but added positions in equities, bucking the trend in other emerging markets (EM), the Institute of International Finance (IIF) said on Wednesday.Chinese debt showed $2.5 billion of outflows last month, compared with $9.1 bill
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
China, US trade teams agree to maintain close communication: China commerce ministryBEIJING : The trade and economic teams of China and the United States agreed to maintain close communication following virtual talks between Chinese Vice Premier Liu He and U.S. Treasury Secretary Janet Yellen, China's commerce ministry said on Thursday. 'China always opposes the trade protectionism such
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »