Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Electric vehicle (EV) maker Tesla has received the Chinese government’s approval to retail its Model Y SUV, manufacturing of which recently began in China.


The Asian nation continues to be an important market for Tesla, where the latter sold 13,000 Model 3s in October. According to media reports, alongside domestic sales in China, the EV-maker has also begun exporting the newly built Model Y to Europe. It also plans to manufacture electric chargers for EVs in China next year.


Tesla’s production of the Model 3 and Y increased to 128,044 units in Q3 2020, from 79,837 units in the same period last year, largely attributable to its new Shanghai Gigafactory which aims to produce 250,000 EVs per year. 

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