Sales of Tesla’s China-made electric vehicles (EVs) rose 19.2% year-on-year in September, according to data from the China Passenger Car Association (CPCA). The increase reflects growing demand for the automaker’s locally produced Model 3 and Model Y vehicles, which saw a 1.9% rise in deliveries from August.
Tesla’s September performance contributed to a 12% growth in China-made EV sales for the third quarter, marking its first quarterly increase of the year. The company has extended various consumer incentives in the competitive Chinese market, including zero-interest financing for certain models through October.
Meanwhile, Tesla’s Chinese competitor, BYD, achieved a 45.56% increase in passenger vehicle sales in September, selling 417,603 units. Of these, 33,012 vehicles, or 7.9%, were sold overseas.
Looking ahead, Tesla plans to produce a six-seat version of its Model Y in China by 2025 and is preparing to launch its Full Self-Driving (FSD) software in China and Europe next year, pending regulatory approval.
