Tesla Model 3 MIC reaches impressive production levels
Now that Tesla Giga Shanghai (Gigafactory 3) is producing the Model 3 not only for the domestic market, but also for exportation to Europe, production is expected to keep on rising.
Last month in China 22.929 units of the Tesla Model 3 were produced and 12.143 were sold. Most of these were the Standard Range Plus (SR+) variant that uses cobalt-free LFP battery cells made by CATL.
Tesla MIC M3 Oct insured units at 13,078.
Tesla MIC M3 Oct production at 22,929.
Tesla MIC M3 Oct wholesale at 12,143, +7.18% MoM.
— Moneyball (@DKurac) November 16, 2020
Now I’m curious to know what kind of battery Tesla will use for the Model Y made at Gigafactory Shanghai. Mass-production is expected to start in early next year. My guess is that the first units will use NCM 811 battery cells from multiple suppliers, but eventually a cheaper version with cobalt-free LFP cells will become available. Tesla’s strategy is always to sell more expensive versions first.
Tesla’s planned production capacity for next year is 550.000 units, of which 300.000 units for the Model 3 and 250.000 units for the Model Y.
Tesla #China 2021 planned production capacity at 550K units – 300K M3 and 250 K Model Y. Among them 100K M3 & 10K Model Y to be exported, China media citing unnamed insiders.
Tesla already sent order demand to the core component suppliers, one insider said.
Tesla no comment yet. pic.twitter.com/Ngz0x0x2Tq
— Moneyball (@DKurac) November 9, 2020