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January 18, 2022

Tesla produced over half of its vehicles in China last year

Chinese plant has quickly become key to a global sales surge.

By Graeme Roberts

Tesla delivered 484,130 vehicles from its Shanghai Gigafactory in 2021, according to local reports citing data from the company earlier this month.

This was a 235% increase on the plant’s first year of production in 2020 and accounted for over half of the company’s 936,000 global sales last year.

The Shanghai plant was behind most of Tesla’s 87% global sales growth in 2021, fuelled by strong demand in Asia and Europe.

Last year the Shanghai plant exported around 160,000 vehicles to over 10 countries and regions – mainly in Europe and Asia.

The plant’s low cost base, helped by high levels of local content, allowed Tesla to compete better on price in China and key markets such as South Korea, Japan and in Europe.

The data suggested Tesla sold 320,000 vehicles in China last year with South Korea estimated to be its second largest market in Asia with close to 25,000 deliveries.

After numerous delays, Tesla is scheduled to launch production at its new vehicle plant in Berlin early in 2022 which will further strengthen its position in the global EV market.

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