Tesla China Q1 Shows Growing Sales to Date; Model S/X Completes Customs Inspection
Insurance data released on Tuesday in China shows estimates of Tesla’s local sales in the country landing at 32,224, from the period of January 30 to February 26, 2023.
Data compiled by @Tslachan shows from January 30 to February 5, Tesla saw insurance registrations of 8,643, followed by 69,63, 5,913 and 10,705 in the week of February 20 to 26. Insurance registrations can give a glimpse of vehicles sales in China.
Roland Pircher put these numbers into a chart and says after just two months in Q1, Tesla has the “second best quarter ever in China.”
With the insurance data from China that came out today, we already have a pretty good estimate for February @Tesla sales, and we are looking at 32k.
So after two months, we have the second best quarter ever in China. pic.twitter.com/KKP8AE0JHh
— Roland Pircher (@piloly) February 28, 2023
In every quarter shown in the charts, Tesla’s deliveries are highest during the third and final month of the quarter, with the exception of Q4 2022 (the second month, November, saw the highest deliveries).
Further data shows the Model Y was the bestselling battery electric vehicle during the week of February 20-26, at 7,946, outselling the Hongguang Mini at 6,807. The BYD ATTO 3 was in third place with 6,483 sales, followed by the BYD Dolphin at 5,236, then the GAC AION at 3,522 and Tesla’s Model 3 at 2,795.
$TSLA
• 2023년 중국 9주차 BEV 판매량
(China's 9th Week BEV Sales in 2023)
– Model Y topped China's BEV sales last week.1. Model Y : 7,946
2. 홍광미니 : 6,807
3. 元PLUS (Atto3) : 6,483
4. 海豚 (Dolphin) : 5,236
5. 埃安 (AION) : 3,522
6. Model 3 : 2,795 pic.twitter.com/IdUoBrq7Ib— Tsla Chan (@Tslachan) February 28, 2023
In January, Tesla’s sale of China-built vehicles increased by 18 percent from December, and 10 percent year over year.
On January 6, Tesla cut prices on all of its models in markets around the world, causing a registration surge in China. The automaker has since gradually increased pricing on some models in China.
The automaker later paused production at its Gigafactory Shanghai to offer an extended break for employees during the Chinese New Year.
This month, Tesla has paused at least one production line at Giga Shanghai to prepare for the Model 3 Highland refresh.
Also noted by @Tslachan, on February 28, six units of Tesla’s Model S and Model X completed customs inspections in China, signalling officially deliveries will start soon. We images of a red Model S being inspected and no ultrasonic sensors are seen in the front bumpers, it appears.
$TSLA @elonmusk
Breaking : February 28th, Model S/X (6 units) completed customs inspection in China 🇨🇳– Tesla will start official delivery to China soon.
– Currently, K.Asian Beauty vessel is heading to China.
(Guess ship with Model S/X) pic.twitter.com/yJx6e6rZRQ— Tsla Chan (@Tslachan) February 28, 2023