Tesla Model 3/Y Sales in China Topped 69,000 Units in Q1, Data Shows
The Tesla Model Y has remained the default electric vehicle (EV) SUV in China, even after Model Y units received a price increase, as shown by new data from China’s vehicle registrations.
According to data from the China Passenger Car Association (CPCA), Tesla sold 16,422 Model Y units in the Chinese auto market in this year’s first quarter, with 10,151 of those sold in March alone (via @42how_ ).
For the Model 3, Tesla saw 25,327 units sold in March, and 52,858 cars sold for Q1. The total of Model 3 and Model Y sales for Q1 in China is 69,280.
The Wuling HongGuang Mini EV stayed at the market’s top-seller list with 29,413 in March and a whopping 72,498 in the first quarter.
According to the data from China Passenger Car Association, 10,151 #Tesla #ModelY were sold in the Chinese market in March; altogether 16,422 units from January to March. $TSLA pic.twitter.com/Y7ckIbIZN1
— 42HOW (@42how_) April 12, 2021
Chinese EV competitors NIO and Xpeng Motors saw record sales in Q1, despite trailing Tesla by a landslide. In sum, NIO reported 20,600 vehicles sold in the first quarter (+423% year-over-year), while Xpeng saw 13,340 units sold in the same time (+487% year-over-year).
BYD, a Warren Buffett-backed automaker in China, also had record-breaking sales in March, outselling both NIO and Xpeng with 16,301 battery electric vehicles (BEVs) delivered.
It seems the whole auto market in China saw an upward trend in this year’s sales, with Tesla’s sales having surged 94% in March from February – signifying that, across the board, consumers are buying more and more EVs, with Tesla leading the charge.