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Tesla Recovery Due to China Connections – Nikkei Asia

Tesla’s ties to Chinese government officials were a key factor in its production recovery from crippling Covid-related lockdowns, Nikkei Asia reported


Tesla output and sales took a hit in July while the company upgraded its factory in Shanghai.
The Tesla sign is seen at the carmaker's factory in Shanghai. This site is being upgraded to boost weekly production from 17,000 vehicles to about 22,000. File photo: Reuters.

 

Tesla’s ties to Chinese government officials were a key factor in its production recovery from crippling Covid-related lockdowns, Nikkei Asia reported, as the US electric vehicle maker posted a record monthly output in June.

Its performance not only underscoring the global importance of its Shanghai “gigafactory” but also Beijing’s view that it is a “must reopen” business. In November, the carmaker announced a $180 million new investment in China.

Read the full reportNikkei Asia

 

 

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George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.

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