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Tesla analyst states Giga Shanghai production cut is “NOT” about Chinese competition

Teslarati

Tesla China is expected to cut Giga Shanghai production in December after delivering over 100k units last month. Reports state that the production cut is due to increased competition in China’s EV market. Potter theorized that Tesla might cut Giga Shanghai production due to macro headwinds and Giga Berlin in Germany.

Chinese 100
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Nearly one in five cars sold worldwide in 2023 was electric: IEA | Autocar Professional

Baua Electric

Chinese car makers can undercut rivals in Europe because their production costs are heavily subsidised. Increased product choice, strong customer demand along with expanding charging infrastructure across India helped accelerate sales of electric cars, SUVs and MPVs. China exported over 1.2