Tesla increased its vehicle deliveries in China in November, data released by the China Passenger Car Association (CPCA) shows. Tesla’s share in the Chinese electric vehicle market was 11.87 percent in November, up from 5.78 percent in October.
November deliveries to China totaled 65,504 electric vehicles out of 82,432 units produced at the Shanghai Gigafactory, according to data released Friday. This is 4.82% more than in November 2022. This is also 128.83 percent more than in October this year. The data reflects a general trend where Tesla increases domestic deliveries in the second and third months of each quarter.
Of the 82,432 Chinese-made units, 16,928 were exported. Exports from Tesla’s Shanghai plant were down 55.21 percent year-on-year in November and down 61.08 percent from October.
Of the 82,432 vehicles made at Gigafactory Shanghai sold by Tesla in November, including exports, 58,433 were Model Ys and 23,999 were Model 3s, according to the CPCA.
Tesla regularly adjusts the prices of its cars. There have already been two price increases since the end of October, encouraging people to place orders before prices could rise further. In addition, the company promised fast delivery, which became an attractive factor.
“Automakers and local governments have stepped up their purchase incentives compared to previous years,” PCA Secretary General Cui Dongshu said during a briefing, according to CnEVPost.
Tesla sold 527,859 vehicles in China between January and November. This is 32.68 percent more than last year. Giga Shanghai also exported 325,744 vehicles in the eleven months of this year, up 26.64 percent year-on-year. Retail sales of passenger new energy vehicles (NEVs) in China hit a record 841,000 units in November, according to the CPCA. This reflects a 40 percent increase in November from a year earlier and an 8.9 percent increase from October. It also shows Tesla’s share of the Chinese NEV market was 7.79 percent last month, up from 3.73 percent in October.
According to the CPCA, 552,000 battery electric vehicles (BEVs) and 289,000 plug-in hybrids (PHEVs) were sold in China in November. Tesla’s share of the Chinese electric vehicle market was 11.87 percent in November, up from 5.78 percent in October.