Tesla Model Y's popularity peaks in China

Tesla's China-made Model Y was the most popular electric model in the country in August, according to the China Passenger Car Association.

The CPCA statistics showed that 62,169 Model Ys were delivered last month, up 261 percent from the same month last year.

The popularity of the model boosted Tesla China's sales in August to 76,965 units.

In the first eight months this year, Tesla's Shanghai plant had delivered 399,936 vehicles, of which over 160,000 units were shipped overseas.

The Shanghai plant is Tesla's first overseas car manufacturing facility.

Now it has an annual capacity of 750,000 vehicles annually, as the carmaker's largest manufacturing facility across the world.

Since its production in late 2019, it has produced over 1 million vehicles, around one third of all vehicles the US carmaker has sold across the world.

"Shanghai is hard to beat, I must say. Our Shanghai team is pretty awesome," said Tesla CEO Elon Musk at the company's shareholder conference in early August.