Knowledge from the China Passenger Automotive Affiliation (CPCA) has revealed that Tesla China’s gross sales of Giga Shanghai-made automobiles declined in February 2024. The lower got here amidst the Chinese language New Yr vacation, which seems to have impacted China’s common automotive sector final month.
As per the CPCA, Tesla China offered a complete of 60,365 automobiles produced in China throughout February 2024. This determine represents an 18.87% year-over-year lower in comparison with February 2023 and a 15.51% month-over-month decline from January 2024. Whereas Tesla China’s ends in February did present a decline, it ought to be famous that different automakers within the nation noticed related developments.
CPCA reported 60,365 wholesale (native + exports) for Giga Shanghai in China in February. 🇨🇳
This 12 months the Chinese language New Yr, with 2 weeks vacation, was in February. pic.twitter.com/k6CrMD2MqJ
— Roland Pircher (@piloly) March 4, 2024
For context, BYD reported a 36.84% year-over-year lower and a 39.30% month-over-month drop in comparison with January 2024. Nio noticed a 33.11% year-over-year and a 19.12% month-over-month decline, and Xpeng noticed a 24.38% year-over-year and 44.91% month-over-month lower in gross sales, as per a report from CNEV Submit. With this in thoughts, it might seem that Tesla China’s February 2024 outcomes usually aligned with the nation’s auto sector.
The Chinese language New Yr vacation this 12 months was held from February 10 to 17, 2024. Curiously sufficient, the vacation fell in January in the course of the earlier 12 months. Tesla China offered a complete of 66,051 automobiles in January 2023, 26,843 of which have been offered domestically and 39,208 of which have been exported to international territories.
$TSLANEWS: Tesla China delivered 60,365 automobiles in February. Home gross sales have been 36.5k and exports have been 23.8k.
– February was the month of the Chinese language New Yr vacation. pic.twitter.com/Fk56g56MB8
— Tsla Chan (@Tslachan) March 4, 2024
Tesla operates its largest manufacturing facility by output in China, with Giga Shanghai being listed as having an annual capability of over 950,000 automobiles. The ability produces Tesla’s two highest-selling automobiles, the Mannequin 3 sedan and Mannequin Y crossover, and it caters to each the home Chinese language market and several other nations overseas.
Tesla China offered a complete of 71,447 Giga Shanghai-made automobiles in January 2024. These figures represented an 8.17% enhance year-on-year and a 24.10% lower in comparison with December 2023. As per CPCA knowledge, Tesla China’s January gross sales figures included 39,881 automobiles that have been offered domestically and 31,566 automobiles that have been exported overseas.
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