Tesla doubled its electric vehicle (EV) sales in China in March compared to February. Sales of Model Y dominated. As expected, exports from Giga Shanghai fell slightly last month and units produced were delivered locally.
Tesla sold 89,064 Chinese-made vehicles in March, according to data released by the China Passenger Car Association (CPCA). Among them, 26,666 units were exported. This means that Giga Shanghai sold 62,398 vehicles in China in March. Comparative data from CnEVPost shows that this is 107.02 percent more than 30,141 in February, but 18.61 percent less than the 76,663 vehicles sold a year earlier.
Giga Shanghai produces the Model 3 sedan and Model Y compact SUV. The factory supplies them both locally and exports them to various markets around the world. Typically, cars for export are produced in the first half of each quarter, so sales growth in China at the end of the quarter is expected.
Tesla China’s exports fell 11.77 percent in March from 30,224 units in February. Still, exports were up 118.47 percent from 12,206 units in the same month last year.
According to the CPCA, of the 89,064 vehicles sold by Giga Shanghai in March, including exports, 57,586 were Model Y and 31,478 were Model 3. Data on retail sales of Model 3 and Model Y in China in March are not yet available.
Retail sales of new energy vehicles (NEVs) in China totaled 709,000 units in March. This is 30 percent more than in the same period last year and 83 percent more than in February. Between January and March, NEV retail sales in China totaled 1,768,835 units. This is 34 percent more than last year.
Retail sales of battery electric vehicles (BEVs) in China totaled 428,000 units in March. This is 11 percent more than last year and 95 percent more than in February. At the same time, retail sales of hybrid electric vehicles (PHEVs) in China totaled 281,000 units in March, up 76 percent year-on-year and 67 percent higher than in February.
Tesla’s share of the Chinese NEV market was 8.8 percent in March. This reflects an increase from 7.77 percent in February and a decrease from 14.12 percent a year earlier. In China’s electric vehicle market, Tesla’s share was 14.58 percent in March, up from 13.64 percent in February but down from 20.02 percent a year earlier.
