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us media: tesla's sales in china in august hit the best performance this year

2024-09-05

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[global times comprehensive report] the wall street journal said on the 3rd that the latest preliminary data released by the passenger car market information joint branch of the china automobile dealers association showed that tesla's shanghai super factory delivered 86,697 vehicles in august, a month-on-month increase of 17%; domestic sales in august were 63,000 vehicles, setting a new domestic monthly sales record this year, a month-on-month increase of 37%.
tesla's sales in china grew in august, as the chinese government increased subsidies for replacing old cars with electric or hybrid vehicles, boosting demand in the world's largest electric vehicle market. according to cmb international data, tesla's deliveries in china's third-tier cities surged 78% year-on-year in july, and sales in second-tier cities such as hangzhou and nanjing also increased 47%.
however, tesla's sales growth in china in august still lagged behind its main chinese competitors. chinese electric car giant byd's sales in august increased by 35% year-on-year to 370,854 vehicles, a record high, and the company's sales exceeded 300,000 vehicles for the sixth consecutive month. in addition, tesla's second-quarter financial report released in july this year showed that despite measures such as price cuts and low-interest financing to boost sales, the company's profits in the quarter still plummeted 45% year-on-year.
reuters quoted people familiar with the matter on the 3rd as saying that tesla plans to produce a six-seater version of the model y car in china from the end of 2025 to attract more consumers with different needs. (zhen xiang)
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