Summary
- During the third week of Q1 2025, Tesla China saw a 28.21% week-over-week rise in new vehicle registrations
- Tesla China’s new vehicle registrations are up 3.8% year-over-year
- In Q4 2024, Tesla China sold 196,902 vehicles domestically which was 39.73% of the total number of vehicles delivered globally by Tesla
- The new Tesla Model Y is being produced in Giga Shanghai, with deliveries expected to start soon
- Tesla is planning to display the new Model Y in stores in China and other markets as well, including the Philippines.
Article
In the third week of Q1 2025, Tesla China saw a significant rise in new vehicle registrations, despite the fact that the new Tesla Model Y had not yet been delivered to customers. The week of January 13-19, 2025 recorded 10,000 new vehicle registrations for Tesla China, a notable increase from the 7,800 registrations seen in the previous week. This indicates a 28.21% week-over-week rise in registrations, contributing to a 3.8% year-over-year increase in new vehicle registrations for Tesla China so far in 2025. While Tesla China does not publicly share its weekly sales figures, these registrations provide insight into the company’s performance in the domestic auto market.
Data from the China Passenger Car Association (CPCA) revealed that Tesla China sold 93,766 vehicles wholesale in December 2024, with 82,927 sold domestically. Throughout the fourth quarter of 2024, Tesla China sold 196,902 vehicles domestically, which accounted for 39.73% of the 495,570 vehicles delivered globally by Tesla in Q4 2025. The increase in new vehicle registrations in Q1 2025 suggests continued growth and interest in Tesla vehicles in the Chinese market.
The new Tesla Model Y is currently in production at Giga Shanghai, though deliveries have not yet begun. Despite this, there has been a growing number of new Model Y units being transported from Giga Shanghai, indicating that the vehicle may soon be available for display at Tesla China’s stores. Other markets supplied by Giga Shanghai, such as the Philippines, have announced expectations to receive their first new Model Y units around April 2025. This suggests that the Model Y will continue to expand its presence in markets beyond China.
Looking at insurance registrations for Tesla in China, there were 10,000 Tesla insurance registrations reported for the week of January 13-19, 2025. This quarter has shown a -0.8% quarter-over-quarter change and a 3.8% year-over-year increase, with a 18.0% decrease compared to the 24Q3, the best quarter for Tesla after three weeks. These numbers highlight the ongoing interest and demand for Tesla vehicles in the Chinese market, with the new Model Y likely to further boost sales and registrations in the coming months.
Overall, the performance of Tesla China in the first few weeks of Q1 2025 has been positive, with rising new vehicle registrations indicating strong demand for Tesla vehicles in the domestic auto market. The upcoming launch of the new Model Y, along with increasing production and deliveries from Giga Shanghai, is expected to further drive sales and registrations for Tesla in China and other markets supplied by the manufacturing facility. As Tesla continues to expand its presence and offerings in China, the company is likely to see continued growth and success in the region.
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