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Tesla plans to resume production at Shanghai factory from tomorrow: Report

Manufacturing at the Shanghai plant is crucial to Tesla because it manufactures cars for the Chinese market and is also an important export hub.

Via : Automatic table HT
Update on:
April 3, 2022, 09:55 am

FILE PHOTO: Tesla Motors logo on an electric car model (REUTERS)
FILE PHOTO: Tesla Motors logo on an electric car model (REUTERS)

Huge EVs Tesla Reuters reported, citing two sources, that it was planning to resume production at its Shanghai manufacturing plant from Monday, April 5 after halting production for more than a week. Manufacturing at the Shanghai plant is important to the automaker as it produces cars for the Chinese market and is also an important export hub.

The company has halted production at the plant since March 28 when the Chinese government instituted a two-phase lockdown that began in the area east of the city’s Huangpu River, where Tesla’s factory is located. However, plans to resume production could change due to Shanghai’s evolving COVID-19 policies, one of the sources told Reuters.

Tesla originally planned to only shut operations for four days, but it canceled production plans for Friday and Saturday after authorities extended tight travel restrictions in the eastern half of the city. Almost all of Shanghai is currently on lockdown.

(Also read | Most Tesla models sold out in US through 2023 despite price hike)

The seven-day shutdown at Tesla’s Shanghai plant marks one of the longest since the factory began production in late 2019. Tesla produced 6,000 Model 3 and 10,000 Model Y vehicles per week at the factory in Shanghai. The company’s CEO Elon Musk tweeted that it was a “particularly difficult quarter due to supply chain disruptions and China’s zero Covid policy.”

However, the electric carmaker is expected to post another record quarter despite industry-wide supply chain difficulties as the world’s top electric vehicle maker benefits from high gas prices, drive more buyers for plug-in models.

The company may have delivered 309,158 vehicles globally in the first three months of the year, according to a dozen analysts surveyed by Bloomberg. Tesla delivered about 308,000 vehicles in the fourth quarter, which was its best performance to date.

Date of first publication: April 3, 2022, 09:52 AM IST

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