Reported 6 months ago
Tesla has reduced production of its Model Y electric car by a double-digit percentage at its Shanghai plant since March, aiming to address weakening demand in China, its second largest market. The move comes as a response to a price war among electric vehicle makers in China amid an economic slowdown. Data from industry sources and the China Association of Automobile Manufacturers show a decline in Model Y output in China, prompting Tesla to adjust its production strategy while still targeting global EV sales goals.
Source: YAHOO