Tesla’s operations in China recorded their strongest monthly wholesale performance of 2026 in June, extending the company’s recovery as demand continued to improve in the world’s largest electric vehicle market.
According to data released by the China Passenger Car Association (CPCA), Tesla China recorded 89,091 wholesale vehicle sales in June, an increase of 24.43% compared with the same month last year.
The figure also represented a 3.62% increase from 85,982 vehicles in May, making June the company’s highest monthly wholesale volume so far this year.
Growth Momentum Continues
June marked Tesla China’s eighth consecutive month of year-over-year wholesale growth, reversing the prolonged declines experienced during the same period in 2025.
During the second quarter of 2026, Tesla China’s wholesale volume reached 254,551 vehicles, rising 32.77% from a year earlier.
For the first six months of the year, cumulative wholesale sales totaled 467,949 vehicles, representing a 28.39% year-over-year increase.
Tesla China’s wholesale figures include both domestic vehicle sales and exports from the company’s Shanghai Gigafactory. The detailed breakdown between local deliveries and exports for June has not yet been released and is expected to be published by the CPCA in the coming days.
In May, Tesla sold 47,281 vehicles in China’s domestic market, up 22.53% from a year earlier, while exports from the Shanghai plant reached 38,701 vehicles, a 67.73% increase year over year.
Competition Intensifies
Tesla’s recovery comes as China’s electric vehicle market remains highly competitive.
Several domestic manufacturers reported record deliveries in June. Nio delivered 40,597 vehicles, Xpeng delivered 40,126 vehicles, and Leapmotor achieved a record 93,376 deliveries during the month.
By contrast, Li Auto and Huawei-backed HIMA (Harmony Intelligent Mobility Alliance) reported year-over-year delivery declines, highlighting increasing competition in China’s premium electric vehicle segment.
Market leader BYD recorded 403,472 new energy vehicle wholesale sales in June, up 5.46% from a year earlier, supported by strong overseas demand.
Financing Supports Demand
Tesla’s improving sales performance has been supported in part by new financing incentives introduced to stimulate demand in China.
In May, the company launched its Easy Loan financing program, designed to lower the upfront cost of purchasing a vehicle for price-sensitive consumers.
Under the program, buyers of the rear-wheel-drive Model 3, which starts at 235,500 yuan (approximately US$34,720), can finance the vehicle over five years with a minimum down payment of 55,900 yuan.
The financing initiative, together with improving production and continued exports from Shanghai, has helped Tesla strengthen its position in China’s increasingly competitive electric vehicle market.
