Tesla Contributes Almost 25% of Shanghai’s Total Auto Production

Tesla Inc. contributed almost one-quarter of Shanghai’s total automotive production value last year, local media reported, in a sign of how quickly the electric car maker has ramped up output in China.

The US company, which rolled out its first car from its Shanghai factory in 2019, generated production value of 183.9 billion yuan ($26.4 billion) in 2022, accounting for 23% of the Shanghai’s total automotive manufacturing production, Chen Kele, an official at the Shanghai Municipal Commission of Economy and Information, said during a media tour of Tesla’s Shanghai plant, according to local media reports.