LI - Tesla sells 65814 China-made vehicles in March up 16% sequentially

Electric vehicle manufacturer Tesla (NASDAQ:TSLA) reports China-made electric cars sales jumped 16% M/M and grew 86% Y/Y to 65,814 units in March - Reuters. The total number of China-made cars delivered in February was 56,515 units vs. 59,845 units in January. Despite sequential increase in March, production at Tesla's Shanghai factory was only 154 units higher than in February to 55,462 cars, much less than expected. Tesla (TSLA) exported just 60 cars produced at its Shanghai factory during the month, as strong domestic demand swayed up most of the output, according to China Passenger Car Association. “Despite the global lithium price hike and chip shortage, China’s local OEMs achieved a great performance with their strong capability and government coordination,” Cui Dongshu, secretary general of the trade body, said. He said China’s share of the global autos market reached a record 36% in the first two months of the year. China’s passenger

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Tesla sells 65,814 China-made vehicles in March, up 16% sequentially