Category: Tesla

Tesla Model Y best-selling SUV in China in Mar with 54,937 units sold

From January to March, Model Y retail sales in China were 94,647 units, second only to BYD Song's 141,415 units.

The Model Y typically sees good results in an SUV ranking in China when Tesla (NASDAQ: TSLA) delivers more vehicles to local consumers at the end of each quarter.

The Model Y sold 54,937 retail units in China in March, placing it at No. 1 on the list of best-selling SUVs in the country, according to data released by the China Passenger Car Association (CPCA) on April 11.

Sales of the Tesla SUV in China last month rose 38.28 percent from 39,730 units a year earlier and 115.22 percent from 25,526 units in February, according to data monitored by CnEVPost.

BYD Song was the second best-selling SUV in China in March with 40,114 units sold at retail, according to the CPCA's ranking. BYD Yuan Plus ranked third with 27,907 units.

The BYD Song remained the best-selling SUV in China from January to March, with 141,415 units sold at retail, up 91.9 percent year-on-year.

The Tesla Model Y ranked second with 94,647 retail sales in China in January-March, up 26.7 percent year-on-year.

BYD Yuan Plus ranked third with 62,528 retail sales in January-March.

Tesla has a factory in Shanghai that produces the Model 3 sedan as well as the Model Y. Its pattern is to produce cars for export in the first half of each quarter and for the local market in the second half.

Tesla delivered 76,663 units in China in March and exported 12,206, according to data released by the CPCA on April 10.

Model 3 retail sales in China in March were 21,726 units, down 16.52 percent year-on-year and up 158.74 percent from February, according to the CPCA's latest figures.

This puts that Tesla sedan in 5th place in the March new energy sedan sales rankings, with BYD Qin in first place with 43,230 sales and BYD Dolphin in second place with 27,687 units.

From January to March, the Model 3 sold 42,782 units in China, up 27.3 percent year-on-year, making it the fifth best-selling new energy sedan in China during this period.

BYD Qin ranked first in new energy sedan sales from January to March with 87,955 retail units, while Hongguang Mini EV was second with 69,842 units and BYD Dolphin was third with 67,951 units.

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

The post Tesla Model Y best-selling SUV in China in Mar with 54,937 units sold appeared first on CnEVPost.

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Tesla delivers 76,663 vehicles in China in Mar, exports 12,206 from Shanghai plant

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

The post Tesla delivers 76,663 vehicles in China in Mar, exports 12,206 from Shanghai plant appeared first on CnEVPost.

For more articles, please visit CnEVPost.

Tesla’s cut prices in the U.S. yet again, this time by as much as $5,000

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Continue reading Tesla's cut prices in the U.S. yet again, this time by as much as $5,000

Tesla's cut prices in the U.S. yet again, this time by as much as $5,000 originally appeared on Autoblog on Sun, 9 Apr 2023 07:00:00 EDT. Please see our terms for use of feeds.

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

The Megafactory is initially planned to have an annual production capacity of up to 10,000 units of commercial energy storage batteries, with an energy storage scale of nearly 40 GWh.

will build a new Megafactory in Shanghai that will be dedicated to the production of Megapack, the company's energy storage product, according to an announcement today from the Shanghai Lingang management committee.

The Megafactory is initially planned to produce up to 10,000 units of commercial energy storage batteries per year, with an energy storage scale of nearly 40 GWh, and the products will be available to the global markets.

The factory is scheduled to start construction in the third quarter of this year and put into operation in the second quarter of 2024.

Notably, Tesla has been hiring for a Megapack project manager position in Shanghai since last month.

"You will interface with design engineering, manufacturing engineering, compliance, system test, reliability, supply chain and operations to define and drive development of new product programs while also managing change on existing programs," the job description reads.

A Megapack currently starts at $187,980,040 in the US, a reduction of nearly $30,000 from its initial price, with expected delivery in the first quarter of 2025.

Tesla's current business landscape consists primarily of electric vehicles and renewable energy, with the latter divided into solar and energy storage devices, currently available in Powerwall, Powerpack, Megapack and other products.

Megapack is a powerful battery that stores energy and supplies it, helping to stabilize the grid and prevent power outages.

Each Megapack unit can store more than 3 MWh of energy, enough to power 3,600 homes for one hour, according to Tesla's website.

The post Tesla to build new Megafactory in Shanghai to produce Megapack energy storage system appeared first on CnEVPost.

For more articles, please visit CnEVPost.

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