SHANGHAI : Tesla plans to step up output at its Shanghai plant over the next two months to meet demand ignited by aggressive price cuts on its best-selling models, according to a planning memo seen by Reuters and a person with knowledge of the plan. The automaker plans to produce a weekly average of nearl
SHANGHAI : Tesla plans to step up output at its Shanghai plant over the next two months to meet demand ignited by aggressive price cuts on its best-selling models, according to a planning memo seen by Reuters and a person with knowledge of the plan.
That level of production would take the plant's output to roughly its rate in September, when it turned out 82,088 Model 3 and Model Y cars, according to data from China Passenger Car Association. In December, the Shanghai plant had cut output by about a third from November, and extended a Lunar New Year holiday period for workers in January, to cope with rising inventory, before its price cuts of between 6 per cent and almost 14 per cent in China.
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