Tesla’s China Sales Surge Nearly 50% in March, Recovering From Post-Chinese New Year Slowdown

Tesla Giga Shanghai delivered 89,064 vehicles in March, a significant increase from last month. After the Chinese New Year celebrations, work at the factory resumed at full capacity, and customers’ orders increased.

Tesla sold 89,064 vehicles produced at its Giga Shanghai in March, according to data released today by the China Passenger Car Association (CPCA). That is a slight increase from the same month last year when Tesla sold 88,869 Chinese-made vehicles. However, this is 47.54 percent more than in February this year, when 60,365 vehicles were sold.

Giga Shanghai’s annual production capacity is more than 950,000 vehicles. This makes it the largest automobile factory in the world. Giga Shanghai produces the Model 3 sedan and the Model Y compact SUV. The factory supplies not only to China but also to markets around the world, being an export hub for Tesla. At the moment, information about how many cars were delivered to the local market and how many were exported is unknown.

In February, China celebrated the Chinese New Year, which led to production disruptions and decreased demand. However, the figures show that the situation has recovered in March. Starting April 1, Tesla increased the prices of all three Model Y variants sold in China by RMB 5,000 ($690).

On Tuesday, Tesla released delivery data for Q1 2024. The company delivered 386,810 vehicles worldwide and produced 433,371 units. Giga Shanghai’s cumulative sales data shows that the factory delivered 215,480 vehicles in Q1 2024. This means that the Chinese factory accounted for 55.7% of all company deliveries during the quarter, which once again confirmed Giga Shanghai’s status as a manufacturing hub.

Tesla’s decline in deliveries last quarter was due to slowdowns at its Fremont factory as it transitioned to production of the updated Model 3, disruptions in deliveries across the Red Sea due to local conflicts, and the shutdown of production at Giga Berlin due to a terrorist attack.

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