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According to the China Passenger Car Association, Tesla's August deliveries were surprisingly good. The electric vehicle maker churned out over 77 000 cars for the month, nearly tripling from July and up 74% year-on-year. That was thanks to a big jump in production from its Shanghai Gigafactory. More than 42 000 of those deliveries were exports.
Tesla had a market share of about 12% of Chinese EV wholesale deliveries in August, behind the 16% share for BYD's pure EVs. BYD produces several popular battery electric and plug-in hybrid cars.
If you recall, Tesla put its Shanghai plant on hold for several days in July to upgrade assembly lines. In addition, the Shanghai Covid lockdown led to huge production losses. The good news is that the plant can still crank out more than 750 000 cars a year.
