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Tesla introduces the Model Y crossover electric vehicle made in Shanghai, China

Model Y was distributed and manufactured by Tesla in China. Entering the Chinese market is very important because it is the largest car market in the world.

Tesla began shipping the Model Y crossovers made in China yesterday (Jan. 18). It is not clear how many Model Ys have been delivered to customers. Tesla did not immediately respond to requests for comment.

China is the largest market for electric vehicles in the world, and is critically important to Tesla and its growth plans. Tesla has ambitions to increase sales from 500,000 vehicles by 2020 to 20 million vehicles per year over the next decade.

Tesla CEO Elon Musk speaks at a showcase of a Model Y electric car made by Tesla China in Shanghai on Jan. 7

China is the driving force behind Tesla’s sales in 2020, Tesla sold 499,550 cars in the past year, up 36% from 2019, but slightly below the target set by Elon Musk. before.

Tesla began production of the Tesla Model 3 sedan at its Gigafactory in Shanghai, China, the first Tesla factory outside the US, built by Tesla in late 2019. Tesla has advanced. delivering Model 3 to Chinese customers more than a year ago. Since then, Tesla CEO Elon Musk has become the richest person in the world thanks to a 700% increase in the company’s shares.

Tesla built a $ 2 billion factory in Shanghai in less than a year. The world’s largest electric car maker tends to set up a local car factory to reduce transportation costs and avoid import duties, especially in China.

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