Stock Groups

Tesla sold record 70,847 China-made cars in December, China group says

[ad_1]

At the showroom of China’s electric vehicle manufacturer, Tesla Model Y in Beijing (China), January 5, 2021, visitors wearing masks inspect a China-made Tesla Model Y sports utility vehicle (SUV).

Tingshu Wang | Reuters

U.S. maker of electric vehicles TeslaThe highest number of China-made cars sold in December since the company began manufacturing in Shanghai in 2019 was 70,847, according to data released by the China Passenger Car Association on Tuesday.

Tesla’s December Sales, including 245 Export orders, was almost triple that of the previous year, 34% better than November’s.

According to Reuters calculations, Tesla also saw an increase in sales of Chinese-made vehicles last year, to at least 473 078, according to CPCA data. CPCA had not published figures prior to April for Tesla’s China car exports.

It accounts for approximately half the 936,000 cars that America’s automaker sold globally in 2013.

The Tesla factory in Shanghai, China, began delivering cars at the end 2019 and produces electric Model 3 sedans as well as Model Y sports-utility vehicles. It also sells vehicles on domestic and international markets including Japan and Germany.

Automaker has managed to overcome supply chain problems experienced by competitors to achieve record quarterly deliveries. In October, the company reported that its third quarter results exceeded expectations and revealed in its third quarter results, that Shanghai’s annual production could exceed 450,000 units.

Tu Le (based in Beijing, China) is the managing director of Sino Auto Insights. He said that December’s numbers show that Tesla continues to be a strong brand and it also was operationally impressive, given the Shanghai plant could produce around 42,000 cars per month.

They were much higher than that in December. This is despite other EV maker’s battery and chip shortages.”

China’s EV market is dominated by Chinese brands such as BYD or Wuling. This local marque is part of General Motors. According to Shanghai-based consulting firm Automobility, Tesla is the only foreign brand among the top 10.

The CPCA stated that Chinese EV makers were also mentioned. NioLast month saw the delivery of 10,489 cars, an increase in year-over-year sales by 49.7%. Xpeng, on the other hand, delivered 16,000 vehicles. VolkswagenAccording to the company, it has sold more than 13787 ID. China, December was the fourth consecutive month of ID. Family has shipped more than 10,000 units to China.

According to the CPCA, passenger car sales decreased 7.7% in China in December compared with a year ago.

[ad_2]