Tesla’s China February sales grows 32% Y/Y to 74,000

Reuters reports that Tesla sold 74,402 China-made electric vehicles (EV) in February, up 31.65% from a year earlier, China Passenger Car Association (CPCA) data showed on Friday.

That was up 12.6% from January, when the U.S. electric car maker delivered 66,051 China-made Model 3 and Model Y electric cars.

It is not clear from the CPCA data if this is Cars sold in China or includes cars manufactured in China for export.

Rival BYD with its Dynasty and Ocean series of EVs and hybrids sold 191,664 vehicles last month, CPCA data showed.

Tesla had planned to run its Shanghai plant at an average weekly output rate of 20,000 units in February and March after price cuts it made in early January stoked demand.

But the latest weekly data showed its retail sales in China were still running short of the pace seen in the fourth quarter.

Tesla’s market share in China’s new energy vehicle sector, which includes both pure electric and plug-in hybrid cars, slid to 9% in February from 10% a year earlier, according to data from China Merchants Bank International.

BYD’s market share increased to 37% from 27%.

As competition intensifies, Tesla aims to increase its exports and expand into new markets to digest output from its factory in Shanghai.

It has started delivering cars to Thailand and set up its first Supercharger station in there in February.

Share:

More Posts

tesla_model_3_LR

Tesla launch Model 3 Long Range

Tesla launch new longer range Model 3 Now on sale Tesla offer a model 3 rear wheel drive with the larger battery pack that will get you 436 miles. The cars sits between the base RWD and the AWD long range model and costs £44,990, half way between the two other models. We don’t know

Solar PV Production Sept 2024

254 kWh Produced in September 2024 with 71 kWh exported September 2024 – Summer fades quickly and rain becomes all too common during the month. There are many days with little or no sun.  The total for the month is far less than expectations but well below September 2023 when we produced over 350 kWh.

Tesla 3 and Y

Tesla September 2024 UK price update – No change for 17 months.

Tesla Model 3 and Model Y pricing remain unchanged during September 2024, making 17 months of no increase to UK retail pricing. Model 3 price reduced by £3,000 during October 2023. Model 3 base price remains at £39,990 and Model Y at £44,990. Model 3 Performance now available to order from £59,990. This is great

tesla cybertruck production

Tesla Q3 Deliveries

Q3 2024 Production, Deliveries & Deployments Tesla reported third-quarter vehicle deliveries of 462,890 In line with estimates of 463,000. Production of 470,000 vehicles Plus 6.9 GWh of energy products Highlights Tesla shares fell on Tuesday after the company reported vehicle deliveries in line with expectations and about 6% growth YonY. Not enough to keep Wall St

Send Us A Message