Summary
- New Model Y ramp in Tesla China is accelerating
- Initially low registrations due to transitioning for production
- Recent increase in registrations for new Model Y
- Strong interest in the new Model Y among Chinese car buyers
- Despite decline in overall sales, Tesla China sold 30,688 vehicles in February 2025
Article
Tesla China has been ramping up production of the new Model Y, leading to low new vehicle registrations in the first two months of 2025. The transition at Gigafactory Shanghai has resulted in a focus on clearing inventory of the older Model Y units. However, in late February, the first deliveries of the new Model Y were held across China, leading to a rise in new Model Y registrations. Recent estimates suggest that Tesla China saw 8,700 registrations in the week ending March 9, indicating a significant increase from the previous week.
Local reports indicate that the new Model Y has been generating strong interest among car buyers in China. Tesla staff have hinted that they received approximately 200,000 orders for the revamped all-electric crossover since its domestic announcement in January. If these estimates are accurate, it could suggest that the new Model Y may achieve impressive sales figures in China’s domestic market in March and the coming quarters.
Despite the low new vehicle registrations for the Model Y in the first two months of 2025, Tesla China’s overall sales figures for February showed a decline compared to January. Figures from the CPCA revealed that Tesla China sold 30,688 vehicles wholesale in February, marking a significant decrease from the previous month and the same month the previous year. The combined January-February 2025 sales for Tesla China currently stand at 93,926 units wholesale, according to a CNEV Post report.
The new Model Y’s progress in the Chinese market indicates a potential for strong sales in the near future, following the initial ramp-up of production at Gigafactory Shanghai. The shift towards the production of the new Model Y has impacted the registration numbers, but recent deliveries suggest a positive trend. With estimates of 200,000 orders for the new Model Y, Tesla China appears to be well-positioned to capitalize on the growing demand for electric vehicles in the country.
The increase in registrations and strong interest in the new Model Y bodes well for Tesla China’s sales performance in the coming months. The company’s focus on transitioning production to the new model seems to be paying off, with reports of significant orders and deliveries. With the Chinese market showing enthusiasm for electric vehicles, Tesla China’s efforts to ramp up production and meet demand for the new Model Y are likely to result in increased sales and market share in the region.
Overall, Tesla China’s focus on the new Model Y and the successful transition at Gigafactory Shanghai indicate a positive outlook for the company’s sales performance in the Chinese market. Despite a temporary dip in new registrations, recent figures suggest a rebound in sales, with the new Model Y gaining momentum and generating strong interest among customers. As Tesla China continues to capitalize on the growing demand for electric vehicles in China, the company is well-positioned to increase its market presence and sales volume in the region.
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