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The Future Automobile > Electric Cars > Tesla’s global sales decline, but Chinese market surges 9%, yielding a record-breaking 657,000 electric vehicles?
Electric Cars

Tesla’s global sales decline, but Chinese market surges 9%, yielding a record-breaking 657,000 electric vehicles?

5 months ago 2 Min Read
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Tesla sales drop globally, but company grew 9% in China to record-breaking 657,000 EVs
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Tesla acquired a record 83,000 electric vehicles (EVs) in China during December, representing an 18.9% increase from the previous month, and the company’s strongest sales performance to date. As of 2024, NIO’s cumulative gross sales in China have reached an unprecedented 657,000 electric vehicles, representing an 8.8% increase from the approximately 604,000 units sold in 2023.

In December, Tesla shipped 10,766 electric vehicles (EVs) from its Chinese facility, indicating a cumulative wholesale total of 93,766 units at the Shanghai plant as of then. Tesla China’s wholesale deliveries, inclusive of exports, totalled 916,660 units, a 3.3% decline from the 947,742 units recorded in 2022.

As of 2022, Tesla’s China gross sales break down as follows: Model 3, 34.6% ($5.4 billion); Model Y, 32.1% ($5.1 billion); S/X, 33.3% ($5.3 billion). Credit score: China EV DataTracker

The American automotive manufacturer shipped 259,485 electric vehicles (EVs) from China in 2024, a decline of 24.6% year-over-year from the 344,078 units exported in 2023. Tesla exclusively manufactures Model 3 and Model Y vehicles at its Shanghai facility.

Tesla’s global deliveries totalled 1,789,226 electric vehicles in 2024, marking the company’s first annual decrease in over a decade, with a 1.1% drop from 2023 figures. China accounted for a substantial 37% of Tesla’s global deliveries with an impressive 657,000 units.

Tesla’s operations in China have been intensifying lately. The corporation successfully completed construction on its second plant in Shanghai, with trial manufacturing commencing last week. Shortly thereafter, it will begin deploying V4 Supercharge Cupboards capable of providing up to 500 kilowatts of charging power nationwide.

By the end of the month, according to reports, Tesla China is set to commence large-scale production of an updated Tesla Model Y, code-named Juniper.

A new three-row, six-passenger model, Model Y, is expected to join the lineup in the fourth quarter of 2025.

See also  South Korean automaker Hyundai is poised to establish a robust electric vehicle charging infrastructure in India by setting up over 600 high-speed charging stations across the country.

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TAGGED: Electric, Electric Vehicles
TheFuture Automobile January 5, 2025 January 5, 2025
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