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Ride Radar > Blog > News > Tesla > Tesla Nov sales in China highest so far this year, as Giga Shanghai exports drop to over 2-year low
Tesla

Tesla Nov sales in China highest so far this year, as Giga Shanghai exports drop to over 2-year low

Last updated: December 9, 2024 12:35 pm
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Tesla achieved a significant milestone in China in November by selling 73,490 vehicles, marking its highest month of sales this year. This growth in deliveries was driven by strong performance in the local market, with Giga Shanghai playing a key role in production.

According to data from the China Passenger Car Association (CPCA), Tesla China’s total sales in November reached 78,856 vehicles, including 5,366 units exported. This indicates a 12.19 percent increase from the same period last year and a substantial 81.52 percent surge from October.

Giga Shanghai, Tesla’s manufacturing facility in China, saw a decline in exports last month, with only 5,366 units shipped out. This marked the lowest export figure since June 2022, reflecting a 68.30 percent drop from the previous year and an 80.69 percent decrease from October.

Overall, Tesla’s retail sales in China for the January-November period totaled 574,175 vehicles, representing an 8.77 percent increase year-on-year. When including exports from Giga Shanghai, the company’s total wholesale sales in China reached 822,894 vehicles, down 3.60 percent from the previous year.

In terms of model breakdown, the Model Y accounted for 46,595 units of Tesla China’s November sales, contributing 59.09 percent of the total. Meanwhile, the Model 3 recorded sales of 32,261 units, representing 40.91 percent of the month’s sales.

Looking at the broader market trends, China’s retail sales of new energy vehicles (NEVs) hit a record high of 1,268,000 units in November, up 50.5 percent year-on-year. Battery electric vehicles (BEVs) specifically saw strong growth, with sales reaching 758,000 units, a 36.7 percent increase from the previous year.

See also  Nio CEO highlights importance of sales volume, cost reduction in internal meeting

Despite the positive performance, Tesla’s market share in China’s NEV and BEV segments saw fluctuations. In November, Tesla commanded a 5.80 percent share of the NEV market, up from the previous month but down from a year earlier. Similarly, the company’s share of the BEV market stood at 9.70 percent in November, showing both monthly and yearly variations.

Overall, Tesla’s success in China can be attributed to its strong product lineup, efficient manufacturing processes, and strategic market positioning. As the EV market continues to grow rapidly in the country, Tesla’s presence and performance are set to remain significant in the coming months.

TAGGED:2yearChinadropexportsGigahighestNovsalesShanghaiTeslaYear
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