Shanghai production continues to gather momentum
Tesla (NASDAQ:TSLA) recorded its eighth straight month of year-over-year sales growth for China-built electric vehicles in June, supported by improving demand in European export markets.
According to figures released on Thursday by the China Passenger Car Association, deliveries of Model 3 and Model Y vehicles produced at Tesla’s Shanghai Gigafactory reached 89,091 units during the month.
June deliveries post another strong increase
The June total represented a 24.4% increase compared with the same month last year, extending the company’s recent growth trend.
The latest performance follows an even stronger year-over-year gain of 39.4% recorded in May, highlighting sustained momentum at Tesla’s largest manufacturing facility.
Shanghai remains key to global supply strategy
Tesla’s Shanghai plant plays a dual role within the company’s global manufacturing network, supplying vehicles to domestic Chinese customers while also serving as a major export base for European markets.
The continued increase in deliveries suggests production and overseas demand remained resilient during June.