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Tesla Is Shipping Vehicles Again From Shanghai, Will We See Other OEM's Follow Suite?
The government-backed media outlet Shanghai Observer said that Tesla Inc (TSLA.O) shipped 4,767 automobiles to Slovenia on Wednesday, marking the company's first exports from China since reopening its Shanghai production on April 19.
According to the Shanghai-based news outlet, the Glovis Splendor vehicle carrier left port early on Wednesday, destined for the Slovenian port of Koper. This is big news, considering the current resurgence of COVID-19 in China that halted 14 Production Lines for Toyota. Lets dive further into the issue this article outlines.
"Tesla was in a big hurry to load cars freshly off the production lines onto the vessel yesterday afternoon," Shanghai Observer said, citing a customs official.
Tesla has also scheduled the shipment of 4,100 cars for Friday, with the carmaker aiming to export 300,000 cars from Shanghai by 2022.
A request for comment from Reuters was not immediately returned.
Tesla's efforts to reestablish normal operations at its Shanghai plant, which manufactures the Model 3 and Model Y for domestic and international sales, are highlighted by the cargo.
According to the China Passenger Car Association, Tesla did not export any Model 3s or Model Ys from its Shanghai plant in April, since China's zero-COVID-19 restrictions delayed production and delivery.
According to the report, the company's sales in China fell by 98 percent in April compared to the previous month.
The Shanghai government assisted with the reopening of the factory on April 19, which was widely promoted in Chinese official media. It was noted as an example of the city's attempts to keep businesses open while strictly implementing the COVID regulation.
From April 19 to April 30, Tesla produced 10,757 automobiles at its Shanghai plant, with a goal of 2,600 vehicles per day by May 16, according to Reuters.
The city's tightening of a lockdown to combat COVID-19 breakouts has hampered Shanghai factories' attempts to resume normal operations. Earlier this week, Tesla's plant was operating at less than full capacity due to logistical and supply chain issues.
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