Summary
- Tesla China saw 16,700 new vehicle registrations in the week of November 18-24, 2024
- Tesla’s performance in the Chinese auto market can be inferred through new vehicle registrations
- Recent data suggests Tesla China is on track to post impressive domestic sales numbers in November
- Tesla’s year-to-date domestic numbers in China are up 7.1% year-over-year
- Tesla China introduced discounts for local customers on Model Y and extended 0% interest loan offer for Model 3 and Model Y in China
Article
In the week of November 18-24, 2024, Tesla China saw 16,700 new vehicle registrations, which was a slight decrease from the previous week’s 17,100 registrations. While Tesla does not report its weekly domestic sales figures, new vehicle registration data can provide an insight into the company’s performance in the Chinese auto market. This data is monitored by industry watchers and automakers like Li Auto.
Li Auto’s recent data confirmed that Tesla China recorded 16,700 new vehicle registrations in the week ending November 24. This indicates that Tesla China is likely to achieve impressive domestic sales figures for November. The company has shown strong registration numbers in recent weeks, with 15,700 registrations in the week ending November 3, 17,300 registrations in the week ending November 10, and 17,100 registrations in the week ending November 17. Overall, Tesla China’s year-to-date domestic numbers have increased by 7.1% year-over-year.
Despite the slight decrease in new vehicle registrations, Tesla China’s momentum remains strong, with a year-over-year increase of 15.6% for the quarter and 7.1% year-to-date. The company’s performance in the Chinese market is notable, with the highest eighth week of the quarter ever reported. Tesla’s recent initiatives in China, such as offering discounts on selected models and extending loan offers, indicate the company’s commitment to ending the fourth quarter on a high note.
With the positive momentum and strong registration numbers, Tesla China appears to be on track for a successful quarter. The company’s focus on the Chinese market is evident through its various initiatives aimed at attracting and retaining customers. By offering discounts and extending loan offers on popular models, Tesla China is demonstrating its commitment to growing its presence in the region. The company’s efforts are likely to contribute to its overall success in the Chinese auto market.
The consistent increase in new vehicle registrations and year-over-year growth in domestic sales numbers reflect Tesla China’s strong position in the Chinese market. The company’s strategies to offer incentives and extend loan offers are resonating with local customers, driving demand for its electric vehicles. With the fourth quarter underway, Tesla China is well-positioned to capitalize on its momentum and achieve impressive results by the end of the year. Ultimately, Tesla’s performance in the Chinese market underscores its commitment to sustainable transportation and innovation in the electric vehicle industry.
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