Summary
- Tesla China saw 5,500 new vehicle registrations during the week of December 30, 2024 to January 5, 2025
- The number of insurance registrations were down 70.43% from the previous week
- Tesla China sold a record high of about 83,000 vehicles in the domestic market in December 2024
- Estimates suggest that in Q4 2024, Tesla sold about 196,900 vehicles in China
- For the full year 2024, Tesla China sold about 657,000 vehicles in the domestic market
Article
Tesla China has started off the year 2025 on a strong note, with 5,500 new vehicle registrations reported during the week of December 30, 2024, to January 5, 2025. While this number represents a significant decrease of 70.43% from the previous week’s 18,600 units, it also indicates a substantial improvement of 205.6% quarter-over-quarter and 71.9% year-over-year. These results mark the second-best first week of the quarter for Tesla China and give industry watchers and automakers like Li Auto an idea of the company’s performance in the domestic auto market.
The China Passenger Car Association (CPCA) reported that Tesla China sold a total of 93,766 vehicles wholesale in December 2024, with a record high of about 83,000 vehicles sold in the domestic Chinese market. This represents a 12.8% improvement from the company’s local sales in November 2024. Estimates suggest that in Q4 2024, Tesla sold about 196,900 vehicles in China, contributing to around 40% of the company’s global deliveries in that quarter. Over the full year of 2024, Tesla China sold approximately 657,000 vehicles in the domestic market, an 8.8% year-over-year improvement, accounting for about 37% of the company’s global deliveries in the same year.
While Tesla does not report its weekly sales figures, the new vehicle registration data in China provides an insight into the company’s overall performance. Industry watchers closely track these registrations, enabling them to gauge Tesla China’s standing in the domestic auto market. Teslarati has also encouraged readers to contact them with any news tips by sending an email to simon@teslarati.com. With Tesla China’s strong start to 2025 and impressive sales figures in December 2024, the company seems to be on a positive trajectory in one of its key markets.
The results from the week of December 30, 2024, to January 5, 2025, show that Tesla China’s insurance registrations are significantly lower than the previous week but still demonstrate substantial improvements quarter-over-quarter and year-over-year. This data suggests that Tesla China’s performance in the domestic auto market is strong and competitive, contributing to the company’s global deliveries and overall success. With the electric vehicle market growing rapidly in China, Tesla’s presence and sales numbers in the country underscore its position as a major player in the industry.
Despite the decrease in new vehicle registrations from the previous week, Tesla China’s performance in the first week of January 2025 is promising, indicating a positive start to the year. The company’s ability to consistently improve its sales and market share in China reflects its strong brand reputation and consumer demand for its electric vehicles. As Tesla continues to expand its presence and production capacity in China, it is likely to maintain its growth trajectory and cement its position as a leader in the electric vehicle market. With a focus on innovation, sustainability, and high-quality products, Tesla is well-positioned to capitalize on the growing demand for electric vehicles globally and in key markets like China.
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