Tesla Trims Car Output in China as EV Sales Growth Slows

-- Tesla Inc. has reduced production at its plant in China, according to people familiar with the matter, amid sluggish growth in electric-vehicle sales and intense competition in the world’s biggest auto market.China Scrutinizes PwC Role in $78 Billion Evergrande Fraud Case

While overall passenger-vehicle sales in China increased 17% in the first two months of the year, and sales of new-energy vehicles rose 37.5%, Tesla recorded a decline in shipments from the same period a year ago. Some of the production lines at Tesla’s Shanghai plant, including the battery workshops, are subject to longer suspensions, one of the people said. Tesla has told staff and some suppliers to be prepared for extended production limits through April. In early April, China will celebrate Tomb Sweeping Day, a holiday that’s typically a quiet time for consumption.

Growth of electric-car sales in China is slowing after the government stepped away from a decade-long promotion of the sector and ditched nationwide subsidies at the end of 2022.

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