Tesla Sees Unprecedented Surge in China Shipments Driven by EV Subsidy Support

In a remarkable turnaround, Tesla has reported a record quarter for vehicle shipments in China, capitalizing on a new wave of electric vehicle (EV) subsidies that are being offered by the Chinese government. The American electric car manufacturer managed to deliver an impressive 218,000 vehicles in the third quarter of 2024, marking a staggering 41% increase compared to the preceding quarter, and almost a 61% rise year-over-year.

Continue reading