BEIJING (Reuters) -Sales of U.S. automaker Tesla’s China-made electric vehicles rose 19.2% in September compared to the previous year. This data was reported by the China Passenger Car Association (CPCA) on Wednesday. Finally, this remarkable Tesla sales growth reinforces the brand’s reputation as a leader in the electric vehicle market. #TeslaSalesGrowth
Deliveries of China-made Model 3 and Model Y vehicles, which are also exported to various markets including Europe, were up 1.9% from the previous month.
Tesla sold more than 72,000 EVs in China’s domestic market, up 66% year-on-year, its best month this year, according to a company statement on Thursday.
Chinese rival BYD recorded its best month with a 45.56% year-on-year increase in passenger vehicle sales. In September, BYD sold 417,603 units of its Dynasty and Ocean lineups of EVs and plug-in hybrids.
The 33,012 BYD cars, or 7.9% of the total sales, were sold overseas, BYD’s filing showed.
With the climb in September, Tesla saw a 12% growth in China-made EV sales in the July-September period, its first quarterly rise this year.
The U.S. EV giant has been extending incentives to encourage consumers in the world’s largest auto market. Meanwhile, rivals like Xpeng and Nio race to launch budget models.
It extended zero-interest financing in late September for some Model 3 and Model Y cars in China by another month to the end of October.
Tesla also plans to produce a six-seat variant of its best-selling, yet aging, Model Y in China from late 2025, Reuters reported.
The EV maker plans to unveil its robotaxi on October 10. Additionally, it aims to launch Full Self-Driving (FSD) software in China and Europe next year, pending regulatory approval. #TeslaSalesGrowth
Factors Driving Tesla’s Sales Growth in China
Additionally, Tesla’s sales growth can be attributed to various factors. For instance, enhanced production capabilities and effective marketing strategies have contributed to their success. Furthermore, the company has expanded its customer base by introducing new models that cater to local preferences.
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