China's NEV (new energy vehicle) exports reached 49,000 in July, with Tesla China exporting 19,756 NEVs, according to the data released by China Passenger Car Association (CPCA) on Tuesday.

Tesla's Gigafactory in Shanghai was the first fully foreign-owned auto manufacturer in China, which has become one of Tesla's global centers for exports, with more than 160,000 overseas deliveries in 2021.

The US-based electric car maker's financial report for the second quarter showed that revenues in the US and the Chinese market increased in the three months ended June while its revenue in other regions dropped for the same period.

The company is focusing on expanding its production capacity, including upgrading its plant in Shanghai, according to the financial report. "Increasing the exports of vehicles manufactured at the Gigafactory Shanghai has been effective to mitigate the strain on our deliveries in markets outside the US," it said.

The annual capacity of Tesla's Gigafactory in Shanghai is estimated to surpass the 750,000 mark this year, according Tesla's filing.

Aside from Tesla, multiple Chinese domestic NEV brands including SAIC Group, Dongfeng Automobile Co, BYD and Geely also expanded their oversea market with supportive pro-green government policies.

In July, China's auto manufacturing chain continued its recovery as the coronavirus outbreak is brought under control. China's overall passenger car export volume reached 226,000 in July, a year-on-year increase of 76 percent, with NEV export volume accounting 21.8%.

Global Times