Tesla tops list of luxury auto brands in China in December

Credit: Tesla

Tesla can add yet another trophy to their awards cabinet. The Texas-based automaker was the top selling luxury automotive brand in China in December.

According to registration data from the China Banking and Insurance Regulatory Commission (CBIRC), a total of 70,163 units were insured in the country in the final month of the year.

That is slightly lower than the 70,602 the China Passenger Car Association (CPCA) reported, which tracks sales.

The figure from CBIRC represents a massive 175.6% increase from the same time period in 2020.

It also gave Tesla 18.7% of the market share for the month.

With the strong performance, Tesla outsold like the likes of Mercedes Benz, BMW, and Audi, which accumulated 60,880, 54,030, and 52,155 sales respectively.

China isn’t the only market where Tesla is outselling brands like BMW and Mercedes, which have become synonymous with luxury automobiles.

In their home country of Germany, Tesla beat both automakers (and VW) to become the country’s most popular midsize car in November.

The gap between Tesla and other luxury automotive brands in China is likely to widen in 2022. Tesla is currently spending $188 million to expand production capacity at Giga Shanghai, a project which is scheduled to wrap up in April.

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About Darryn John 6071 Articles
Founder and Editor-in-chief of Drive Tesla Canada | Darryn@DriveTeslaCanada.ca Have a Tesla tip? Email tips@driveteslacanada.ca, or DM us on Twitter @DriveTeslaca