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InvestmentsTesla Shanghai to make 300,000 cars Jan-Sept despite chip shortage

Tesla Shanghai to make 300,000 cars Jan-Sept despite chip shortage

© Reuters. A Tesla signal is seen at its manufacturing facility in Shanghai, China, May 13, 2021. REUTERS/Aly Song/Files

BEIJING (Reuters) – Tesla (NASDAQ:) Inc’s Shanghai manufacturing facility is predicted to produce 300,000 cars within the first 9 months of the yr, capped by a supply rush ultimately of the July-September quarter, despite a world semiconductor shortage, two sources mentioned.

The manufacturing facility makes the electrical Model 3 sedans and Model Y sport-utility autos for home and worldwide markets, together with Germany and Japan.

Around 240,000 autos had been shipped from the manufacturing facility within the first eight months, together with many for export, in accordance to knowledge from the China Passenger Car Association. Tesla has not introduced particulars on the manufacturing facility’s manufacturing.

The sources requested anonymity, as they weren’t allowed to communicate to media. Tesla didn’t instantly reply to a request for remark.

In August, an official within the space the place Tesla’s manufacturing facility is positioned mentioned it’s anticipated to product 450,000 autos this yr, together with 66,100 for export.

Tesla is hiring managers for authorized and exterior relations groups in China because it faces public scrutiny within the nation over knowledge safety and customer support complaints.

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