Tesla’s recent success in China continues to make headlines, and the latest data from the China Passenger Car Association (CPCA) confirms that the EV manufacturer achieved near-record vehicle deliveries in the country in March 2023. According to the report, Tesla delivered a total of 76,663 vehicles in China in March, with 12,206 vehicles exported and the rest sold in the local market.
The company’s Shanghai plant, which produces the popular Model 3 and Model Y, played a significant role in this achievement, with its second-quarter production cycle focused primarily on local deliveries. Although the plant exported 69.85% fewer vehicles in March compared to February, Tesla’s market share in China’s new energy vehicle (NEV) market increased from 7.73% in February to 14.12% in March.
The CPCA report also revealed that the NEV market in China continues to grow, with retail sales of 543,000 units in March, a 21.9% year-on-year increase. Battery electric vehicles (BEVs) accounted for 383,000 units of this total, and Tesla had a 20.02% share of the BEV market in March, up from 11.5% in February.
In terms of sales figures for the Model 3 and Model Y in China, the CPCA report showed that Tesla sold 27,202 units and 61,667 units, respectively. While the data does not provide a breakdown of the sales figures for each model, more detailed information is expected to be released in the coming days.
Tesla’s recent success in China is essential to the company’s global expansion plans, given that China is the world’s largest automotive market. With the increasing demand for electric vehicles in the country, Tesla is well-positioned to capitalize on this opportunity and further establish its dominance in the NEV market.
Overall, Tesla’s near-record vehicle deliveries in China in March 2023 signal the company’s continued success in the country and its ability to thrive in a highly competitive market. As Tesla’s global expansion plans continue, it will be interesting to see how the company continues to innovate and push the boundaries of the EV industry.
