Monthly Archive: April 2023

Tesla's share of the NEV market in China was 14.12 percent in March and 20.02 percent in the BEV market.  |  TSLA.US

Tesla (NASDAQ: TSLA) delivered a near-record high number of vehicles in China in March, with its Shanghai plant producing vehicles in the second half of each quarter primarily for local deliveries.

Tesla China exported 12,206 vehicles in March, according to data released today by the China Passenger Car Association (CPCA).

That means Tesla delivered 76,663 vehicles in China in March, considering the CPCA released data on April 4 showing that the EV maker sold 88,869 China-made vehicles in March.

Tesla has a factory in Shanghai that produces the Model 3 and Model Y. The factory exported 69.85 percent fewer vehicles in March than the 40,479 units in February, up from 60 units a year earlier.

Last March, Tesla's Shanghai plant saw a big drop in exports due to a Covid lockdown. The plant did not export any vehicles in April last year.

Including exports, the China-made Model 3 sold 27,202 units in March and the Model Y 61,667 units, the CPCA data released today showed. Breakdown figures for both models' sales in China are expected to be available in the coming days.

In March, retail sales of new energy vehicles (NEVs) in China were 543,000 units, up 21.9 percent year-on-year and up 23.6 percent from February, according to the CPCA.

Retail sales of battery electric vehicles (BEVs) in China were 383,000 units in March, up 6.38 percent year-on-year and up 30.04 percent from February.

This means that Tesla's share of the NEV market in China was 14.12 percent in March, up from 7.73 percent in February. It had a 20.02 percent share of the BEV market in China in March, up from 11.5 percent in February.

BYD's retail sales in March were 192,000 units, with a market share of 35.36 percent, according to the CPCA.

BYD's BEV sales figures for March are not yet available; the company previously reported BEV wholesale sales of 102,670 units, contributing 49.58 percent of its NEV sales.

Tesla to build new Megafactory in Shanghai to produce Megapack energy storage system

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