Written by Cláudio Afonso | LinkedIn | X
Tesla registered 18,600 vehicles in China between November 25 and December 1, the second-best weekly performance of the year and the strongest week of the fourth quarter. Year-to-date, Tesla’s China sales are up 7.1% compared to the same period in 2023.
In November, Tesla sales in China increased 15.49% sequentially to 78,856 vehicles, data released by the China Passenger Car Association (CPCA) on Tuesday showed.
Globally, the company said it “expects to achieve slight growth in vehicle deliveries in 2024,” indicating it anticipates delivering more than half a million electric vehicles in a single quarter for the first time in its history.
Model 3 registrations in China increased 6% from the third week of November to 7,100 units. In October, CEO Elon Musk stated that Tesla’s sales were “actually doing great,” reaching “all-time highs.”
On December 1, Tesla extended its five-year, 0% interest loan offer in China for the Model 3 and Model Y until the end of the year. A week earlier, Tesla announced a 10,000 yuan ($1,380) discount on the Model Y, which can be combined with the 0% interest financing offer.
Tesla has over 400 local tier-1 suppliers in China, with over 60 integrated into its global supply chain network. Earlier this Tuesday, the company denied plans to start selling the Cybertruck model in China.
Written by Cláudio Afonso | LinkedIn | X
