Tesla sold 63,456 vehicles in China in August 2024, the highest figure of the year to date. This represents an increase of 37.27% compared to July, but a slight decrease of 1.91% compared to the previous year. Overall, the Tesla continues its strong presence in the Chinese market, but remains below record levels.
Tesla-Sales in China increase in August 2024
Tesla achieved an impressive figure of 63,456 vehicles sold in China in August, according to the China Passenger Car Association (CPCA). This figure marks the highest monthly figure in 2024, indicating a significant recovery compared to previous months. Particularly noteworthy is the 37.27% increase compared to July 2024, when Tesla 46,227 vehicles were sold.
Although sales in August fell slightly by 1.91% compared to the same month in the previous year Tesla strong overall market performance in China. In the period from January to August, the company sold 388,000 vehicles in China, a decrease of only 0.57% compared to the same period last year.
Production and exports from Shanghai
Tesla's Gigafactory in Shanghai plays a key role in production and exports. In addition to supplying the Chinese market, the factory serves as an important export hub. In August, a total of 86,697 vehicles from Tesla were produced in China, of which 23,241 units were exported. This means that Tesla 63,456 vehicles were sold in China itself.
Export figures from Shanghai increased by 19.4% year-on-year in August, but were 16.67% lower than the 27,890 vehicles exported in July 2024. These fluctuations are part of Tesla's production strategy, in which production is predominantly for export in the first half of a quarter and for the domestic market in the second half.
Model Y dominates sales
Tesla's Model Y remains the best-selling model in China. Of the 86,697 vehicles that Tesla sold in China in August, 56,309 units were accounted for by the Model Y, which accounts for 64.95% of total sales. This represents an increase of 36% compared to July, but a decrease of 13.79% compared to the previous year.
The Model 3, second most popular model of Tesla, also recorded impressive figures: 30,388 units sold in August, accounting for 35.05% of total sales. Compared to the previous year, sales of the Model 3 by 61.27% compared to the previous year, but sales fell by 7.1% compared to July.
Tesla's market share in China's growing NEV market
China saw record sales of new energy vehicles (NEVs), which include battery electric vehicles (BEVs) and plug-in hybrid vehicles (PHEVs), in August 2024. A total of 1,027,000 NEVs were sold, an increase of 43.2% compared to the previous year.
Tesla's share of the Chinese NEV market was 6.18% in August, up from 5.27% in July. In the BEV segment, Tesla's market share rose to 10.88%, also an increase from 9.59% in July. However Tesla behind the market shares of the previous year, when the company accounted for 9.04% of the NEV market and 13.18% of the BEV market in China in August 2023.
Tesla remains a strong player in the Chinese market
Despite the slight decline compared to the previous year Tesla continues to perform strongly on the Chinese market. With the Gigafactory in Shanghai as a central production and export hub and a clear strategy of balancing local and international business, the company remains a strong player in the Chinese market. Tesla in a dominant position. The growing NEV market in China continues to offer enormous potential, and Tesla is well positioned to benefit from this development.
Keywords: Tesla China sales, Tesla August 2024, Tesla Model Y China, Tesla Model 3 China, Gigafactory Shanghai Export, Tesla China export figures, electric cars China August, Tesla Market share China, New Energy Vehicles China
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