December 5, 2022

r43dscartex

automotive

Tesla Rival Plans to Build New U.S. Electric Vehicle Plant

Rivals of electric vehicle leader Tesla  (TSLA) – Get Tesla Inc Report are planning to ramp up production despite worldwide shortages of semiconductors and supply chain, logistics and production disruptions.

Covid-19 lockdowns have impacted production in China for Tesla and its rivals such as Volkswagen, Toyota, Nio  (NIO) – Get NIO Inc. (China) Report and Li Auto. 

Tesla in April delivered just over 1,500 vehicles from its Shanghai Gigafactory, according to the China Passenger Car Association. It delivered over 65,800 in March.