Tesla’s Model Y has become a key player in the Chinese market, with the latest data showing its impressive sales figures. In December alone, Model Y retail sales in China reached 61,881 units, marking a 3.04 percent increase from the previous year. This surge continued throughout the year, with total retail sales for 2024 hitting 480,309 units, a 5.24 percent increase from 2023.
The significance of the Model Y in Tesla’s global deliveries cannot be understated. In 2024, the Model Y accounted for 26.84 percent of Tesla’s total global deliveries, totaling 1,789,226 units. In the fourth quarter alone, the Model Y contributed 39.73 percent of Tesla’s global deliveries, showcasing its growing importance in the company’s lineup.
Tesla’s overall retail sales in China also saw a significant increase in 2024, reaching 657,102 units, an 8.85 percent year-on-year growth. This growth was driven by the success of both the Model Y and the Model 3, with the latter also experiencing a surge in sales.
In addition to the success of the Model Y, Tesla also saw a positive trend in Model 3 sales in China. In December, Model 3 retail sales reached 21,046 units, marking a 33.63 percent increase from the previous month. For the full year of 2024, Model 3 retail sales totaled 176,793 units, contributing 26.90 percent of Tesla’s deliveries in China and 9.88 percent of global deliveries.
Tesla’s success in the Chinese market is further highlighted by its export numbers. In 2024, Tesla exported 183,178 Model 3 units, a 4.14 percent increase from the previous year. This accounted for 70.57 percent of Tesla China’s total exports, showcasing the strong demand for Tesla vehicles beyond the Chinese market.
With the launch of the facelifted Model Y in China, Tesla is poised to continue its growth in the region. The new model offers upgraded features and improvements, further solidifying Tesla’s position as a leader in the electric vehicle market.
Overall, Tesla’s performance in China in 2024 demonstrates the growing demand for electric vehicles in the region and the company’s ability to meet that demand with innovative and high-quality products. The success of the Model Y and Model 3 in the Chinese market sets a positive trajectory for Tesla’s future growth and expansion in the region.
