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Tesla trims output of cars in China amid slower EV sales growth

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Tesla has reduced its car production at its plant in China, Bloomberg News reported on Friday, as the U.S. electric vehicle-maker grapples with slow demand and strong competition in the market.

The company earlier in March told employees at its Shanghai factory to lower output of both the Model Y sport utility vehicle and Model 3 sedan – the two types it makes in China – by working five days a week instead of the usual 6-1/2 days, the report said, citing people familiar with the matter.

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Tesla did not immediately respond to a Reuters request for comment.

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Tesla has reduced its car production at its plant in China, Bloomberg News reported on Friday, as the U.S. electric vehicle-maker grapples with slow demand and strong competition in the market.

The company earlier in March told employees at its Shanghai factory to lower output of both the Model Y sport utility vehicle and Model 3 sedan – the two types it makes in China – by working five days a week instead of the usual 6-1/2 days, the report said, citing people familiar with the matter.

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Offering College Course Website
IIM Kozhikode IIMK Advanced Data Science For Managers Visit
Indian School of Business ISB Professional Certificate in Product Management Visit
Indian School of Business ISB Product Management Visit

Tesla did not immediately respond to a Reuters request for comment.

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