What is even more impressive is Tesla is still ramping up Model Y production at Giga Shanghai. And when the Model Y production line is fully ramped it’s not too far-fetched to imagine Tesla delivering as many Model Ys in China as the Model 3.
However, according to Elon Musk, he expects the Model Y to sell more than the Model 3, S, and X combined. This makes sense given the Model Y is in the crossover segment which is by far the largest automotive segment in the world.
If the made in China Model Y matches the Model 3 numbers that will give Tesla a run rate of over 600,000 vehicles a year. And if the Model Y indeed becomes more popular than the Model 3, I don’t want to even speculate what kind of delivery numbers Tesla will be posting out of China.
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Volkswagen To Subsidise Tesla’s China Operation By Purchasing Green Credits
A new report coming out of China states Volkswagen and its state-owned Chinese partner FAW have agreed to purchase green credits from Tesla.
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According to a report by Reuters citing unnamed sources in China, Volkswagen has signed a deal with Tesla to purchase green credits from the EV maker. According to the deal, Volkswagen and its Chinese partner, state-owned automaker FAW, will pay Tesla 3000 yuan ($450) per green credit.
The total amount for the deal is not yet known however, given Tesla’s similar deals with other OEMs it wouldn’t be surprising if it ends up being in the hundreds of millions or even possibly more than a billion.