Tesla has been enjoying a surge in sales in China this March, according to newly released insurance registration data. The data showed that a total of 17,032 Teslas were registered in the country between March 6 and March 12, which represents an increase of 28% compared to the previous week’s figures. The Model Y electric SUV is the more popular choice among Chinese consumers, with 11,336 of those registrations being for this model, and the remaining 5,696 going to the Model 3 sedan.
This trend of rising Tesla insurance registrations has been ongoing for several weeks. Even during the week of February 6 to February 12, when only 6,963 units were registered due to the Chinese Lunar New Year Holiday, Tesla still ended February with over 74,000 sales. These registration figures are also approaching some of the automaker’s all-time highs. The last time figures were this high was six months ago, when 23,109 units were registered during the week of September 19 to September 25.
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Based on the strong performance so far in March, Tesla looks to have sold over 30,000 cars in China, with more than half the month still remaining. If this trend continues for the final two weeks, Tesla could end March with around 60,000 sales in domestic markets alone, excluding cars exported to other markets.
Tesla has had a good start to 2023, accumulating 140,453 sales from Giga Shanghai in the first two months of the year. This figure is over 20% higher than the same period last year. If Giga Shanghai can maintain this pace over the remaining 10 months of the year, the Tesla China team will end 2023 with nearly 850,000 sales, surpassing its 2022 total of 710,865 units.
