Tesla (TSLA) Secures Green Signal for Sale of Model Y in China

Tesla Inc. TSLA recently procured an official permission to start selling its Shanghai-made Model Y series of sports utility vehicle (SUV) in China.

Tesla’s flagship model in China — Model Y — has been recently registered officially with the nation’s Ministry of Industry and Information Technology (MIIT). Chinese regulators at the MIIT published the sales approval on its website this Monday.

The Model Y is an all-electric, mid-sized SUV, with seating capacity up to seven, equipped with cylindrical nickel, cobalt and manganese (NCM) batteries. It is the second model Tesla will manufacture at its Giga Factory in Shanghai, China, following the Model 3 sedan. Earlier this month, the company started boosting the production capacity of its Shanghai Giga factory so it could commence producing the Model Y vehicles there. The Shanghai factory is slated to roll out its first Model Y cars in early 2021.

Tesla currently sells its Model

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