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Continue reading China car sales grow in August, Tesla nearly doubles EV share
China car sales grow in August, Tesla nearly doubles EV share originally appeared on Autoblog on Sun, 10 Sep 2023 12:00:00 EDT. Please see our terms for use of feeds.
Permalink | Email this | CommentsThe Model Y contributed 79.01 percent of Tesla's retail sales in China in August and 71.42 percent in January-August.
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BYD has been the sales champion in the Chinese market for seven consecutive months. Previously, the sales champion in the Chinese market was occupied by Volkswagen most of the time.
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Tesla's share of the Chinese BEV market was 13.18 percent in August, up from 7.46 percent in July.
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Tesla's Shanghai factory went into operation at the end of 2019 and saw its one-millionth mass-produced vehicle roll off the line in August 2022.
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The Yoke steering wheel now costs RMB 8,000 as an option in China, four times the previous price.
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Xpeng saw insurance registrations of 3,100 units last week, down 6.06 percent from 3,300 units in the previous week. BYD saw registrations of 50,800 units last week, down 1.74 percent from the previous week.
The post China EV insurance registrations for week ending Sept 3: Tesla 11,800, Li Auto 7,400, Nio 5,000 appeared first on CnEVPost.
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That's up 30.92 percent from 64,285 in July and up 9.35 percent from 76,965 in the same month last year.
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Tesla's Shanghai Megafactory is scheduled to begin construction in the third quarter this year and start production in the second quarter of 2024, according to an April announcement.
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The Model Y Long Range's wait time in China has gone from 2-6 weeks previously to 6-8 weeks, after the model's price was cut on August 14.
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