Beijing (Business Emerge), October 9: In September, Tesla’s sales of electric vehicles manufactured in China increased by 19.2% compared to the same month last year, as reported by the China Passenger Car Association (CPCA). This growth marks a pivotal moment for the company as it showcases its resilience in the competitive EV market.
During the same month, deliveries of the locally produced Model 3 and Model Y rose by 1.9% compared to August. Although Tesla has announced its global deliveries for the quarter, it has yet to provide detailed figures specifically for the Chinese market.
BYD, a Chinese competitor, experienced remarkable success with its range of electric vehicles and plug-in hybrids, achieving a 45.56% increase in passenger vehicle sales, totaling 417,603 units in September. Of these, 33,012 vehicles, or 7.9%, were exported to international markets.
With the recent sales increase, Tesla reported a 12% rise in its China-made EV sales for the July to September quarter, marking its first quarterly sales increase this year. The automaker has been actively offering incentives to boost sales in China, the world’s largest automotive market, where other competitors like Xpeng and Nio are rapidly introducing new budget-friendly models.
To further stimulate demand, Tesla extended its zero-interest financing offer for certain Model 3 and Model Y vehicles in China for an additional month, now running until the end of October. Moreover, the company plans to begin production of a six-seat version of the popular Model Y in China starting in late 2025.
On October 10, Tesla is expected to unveil its robotaxi, and it remains on track to introduce its Full Self-Driving (FSD) advanced driver assistance software in China and Europe next year, contingent upon regulatory approval.