Tesla’s wholesale figures in China reach 71,447 units in January 2024: CPCA

The recent results from Tesla China show an 8.17% year-over-year increase compared to January 2023, but a 24.1% month-over-month decrease from December 2023. In January 2023, Tesla China sold 66,051 vehicles domestically and also exported vehicles. Additionally, the company sold 94,139 Giga Shanghai-made vehicles in December 2023, which are sold both in the domestic market and abroad. Giga Shanghai functions as Tesla’s primary export hub and is the company’s largest facility by volume.

Unfortunately, a detailed breakdown of Tesla China’s local deliveries and exports for January is not currently available, but expectations are high for the figures to be released in the coming weeks. It has been observed that Tesla has shifted its trend in exporting cars until the final weeks of a quarter, as was seen in Q4 2023, with exports continuing until December. Moreover, the beginning of the year is typically a slow period for the Chinese auto market. The CPCA expects wholesale figures of passenger New Energy Vehicles (NEVs) in January 2024 to be around 700,000, indicating an 80% year-over-year increase and a 37% month-over-month decrease.

In January, BYD, which surpassed Tesla as the world’s largest electric car maker in late 2023, sold 201,493 NEVs, reflecting a 33.14% year-over-year improvement and a 40.92% decrease from December. It’s worth noting that BYD’s NEV sales include hybrids and battery electric cars that are more affordable than the Giga Shanghai-made Model 3 and Model Y.

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