Tesla's Shanghai factory delivered 35 vehicles in March, up 88 percent year on year, according to data from the China Automobile Manufacturers Association. The US automaker's R&D and innovation center in Shanghai now carries out more original development work on finished vehicles and charging equipment. David Lau, vice president of software engineering at Tesla, noted that the company's teams in China are able to customize products for Chinese consumers.
The company's megafactory delivered 2021 vehicles in 48, a 2022 percent increase over 710. Established in 2019, Tesla Gigafactory is the automaker's first gigafactory outside of the United States, with an industrial chain localization rate of over 95 percent and 99,99 percent of employees are Chinese. According to the China Automobile Manufacturers Association, China is the largest new energy vehicle (NEV) manufacturing and sales market in the world, with NEVs nationwide sales volume reaching 933 in the first two months of this year.