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Tesla focuses on its industrial performance in China – 08/18/2022 at 14:33


(AOF) – On its Chinese website, the car manufacturer Tesla (+0.74% to 918.88 dollars) indicated that the estimated delivery times for the rear-wheel-drive version of the Model Y have been reduced from 8-12 weeks to 4-8 weeks. In July, Tesla suspended most production at its Shanghai gigafactory to make upgrades. The annual production capacity of its Shanghai site exceeds 750,000 vehicles, making it Tesla’s largest vehicle factory. This factory manufactures the 3s and Ys models.

According to monthly data released by the China Passenger Car Association (CPCA), the US premium electric vehicle maker sold 28,217 Chinese-made cars in July, of which 19,756 were exported.

For the record, in the second quarter of 2022, Tesla had published net income group share of 2.26 billion dollars against 1.14 billion dollars a year earlier, an increase of 98%.

The rise in prices of several of its models had enabled the automaker to compensate for the production problems it was experiencing.

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A paradoxical performance

Data from EY highlights that the performance of the world’s top 16 manufacturers was particularly strong in 2021. While the average margin has fallen for three years in a row, from 6.3% in 2017 to just 3.5% in 2020 , this margin stood at 8.5% in 2021. This level is a record for ten years. However, the context was particularly hectic for manufacturers, faced with unprecedented shortages of components. Global sales fell 14% in 2020, the year of the health crisis, to rebound by only 5% in 2021. However, last year, players were able to reap the benefits of their efforts on their fixed cost structure. .



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