Tesla’s performance in China has shown a significant uptick, with the China Passenger Car Association (CPCA) reporting 30,224 exports for Tesla China in February.
This data, analyzed by industry expert Roland Pircher, underlines the company’s expanding footprint in the Chinese market.
Additionally, with the recently released wholesale figures, it is now confirmed that Tesla’s local sales in China amounted to 30,141 vehicles for the month. This sales figure gave Tesla a market share of 2.8% in China for February, indicating its growing popularity in the country.
The Model Y has emerged as the second best-selling car in the Chinese market, with a notable preference for Tesla’s models amongst Chinese consumers. The sales breakdown reveals a dominant preference for the Model Y, which accounted for 92% of Tesla’s sales in China, with the remaining 8% attributed to the Model 3.
February’s sales performance marks it as the second-best February ever for Tesla in China, pointing to a consistent and strong demand for its vehicles. The year-to-date sales figures are equally promising, showing a 15% increase over the same period last year. This growth signifies that the year-to-date figures already constitute 11% of last year’s total sales, a strong start for the first two months of the year.
Typically, February is a slower sales month, especially in China during Chinese New Year. But for Tesla this was its second-best February ever, and we saw a double-digit increase compared to the same period one year ago.
