Tesla China Wholesale Figures Reach 88,869 Vehicles in March 2023
Today, the China Passenger Car Association (CPCA) released data revealing that Tesla China sold 88,869 units through wholesale channels in March 2023. This represents a 35.03% increase compared to the same month last year, when 65,814 vehicles were sold. Additionally, Tesla China's March results indicate a 19.44% rise from February 2023, when 74,402 vehicles were sold.
It's worth noting that Tesla's March 2023 results mark the company's second-highest sales of China-made vehicles to date, trailing only the 100,291 units sold in November of last year. This achievement is particularly noteworthy since China's New Year holiday, a long break in the country, is typically a slow period for Tesla China's vehicle sales. Additionally, the first quarter of the year includes February, the shortest month, which can also impact sales.
The CPCA's data encompasses both domestic sales in China and exports, and a breakdown of Tesla China's 88,869 wholesale numbers is expected to be available soon.
Based on March 2023's results, Tesla's China-made vehicle sales in the first quarter reached 229,322 units, indicating a 25.88% improvement from the 182,174 units sold in Q1 2022.
Tesla announced that it delivered 422,875 vehicles worldwide in Q1 2023, including 412,180 Model 3/Y and 10,695 Model S/X vehicles. Tesla China's Q1 results suggest that roughly 54% of the company's global deliveries in the first quarter were made up of vehicles produced at Gigafactory Shanghai.
According to the CPCA, Tesla sold 66,051 and 74,402 China-made vehicles in January and February, respectively, including 26,843 and 33,923 vehicles sold in China. The Shanghai plant exported 39,208 and 40,479 vehicles in those months, as per the CPCA.