Summary
- Tesla China sold 657,000 vehicles domestically in 2024
- Tesla contributed to 37% of company’s global deliveries in 2024
- Tesla became China’s fourth-ranked premium automaker in 2024
- Tesla primarily sells Model 3 and Model Y in China
- Tesla China ended 2024 as the country’s second-ranked NEV maker
Article
In 2024, Tesla China saw significant growth in China’s premium automotive market, selling a total of about 657,000 vehicles domestically. This accounted for approximately 37% of the company’s global deliveries for the year. In December alone, Tesla China sold a record 83,000 units in the local Chinese automotive market, showing the company’s increasing popularity in the region. The total number of new vehicle registrations for Tesla China in 2024 was 659,400, as reported by CNEV Post.
Despite Tesla’s success in the premium automotive market in China, the company ranked fourth among premium automakers in terms of new vehicle registrations in 2024. The top three premium automakers in China that year were Mercedes-Benz, BMW, and Audi. However, it is important to note that Tesla China’s registrations primarily consisted of the Model 3 sedan and Model Y crossover, while other automakers had a more diverse lineup that included combustion-powered cars as well as battery electric vehicles.
As an all-electric automaker, Tesla China primarily competes in China’s New Energy Vehicle (NEV) segment, which includes plug-in hybrids, fuel cell electric vehicles, and battery electric cars. In 2024, the NEV segment in China was led by BYD, which saw 3,492,900 registrations over the year. Tesla China managed to secure the second spot in the NEV rankings, solidifying its position as a key player in the growing electric vehicle market in China.
The success of Tesla China in 2024 highlights the growing demand for electric vehicles in the country and the company’s ability to capture a significant market share in the premium automotive segment. With its focus on sustainability and innovation, Tesla has positioned itself as a leader in the electric vehicle industry, both globally and in China. The strong performance of Tesla China in 2024 is a testament to the company’s commitment to providing high-quality electric vehicles that meet the needs of Chinese consumers.
Overall, Tesla China’s sales and market rankings in 2024 reflect the company’s continued success and growth in the Chinese automotive market. As the demand for electric vehicles continues to rise in China and around the world, Tesla is well-positioned to further expand its presence and increase its market share in the coming years. The company’s focus on innovation, sustainability, and customer satisfaction has helped it establish itself as a key player in the premium automotive and NEV segments in China, setting the stage for continued success in the future.
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