| Reuters exclusively reported Tesla plans to step up output at its Shanghai plant over the next two months to meet demand ignited by aggressive price cuts on its best-selling models, according to a planning memo seen by Reuters and a person with knowledge of the plan. |
Automotive
Reuters exclusively reports Tesla to raise Shanghai output after price cuts stoke demand
01 February 2023, 7:43 pm 1 minute
Market Impact
Tesla’s price cuts in China have sparked what analysts have described as a price war, as Chinese automakers Xpeng and Seres’ Aito have followed the company in cutting prices. Tesla’s Shanghai plant produces vehicles for the China market and for export to Europe.
Article Tags
Topics of Interest: Automotive
Type: Reuters Best
Sectors: Industrial Goods & Manufacturing
Regions: Asia
Countries: China
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Significant National Story
