- Tesla‘s January retail sales within China were 15.49 percent lower year-on-year and 59.36 percent lower than in December.
- The lower sales were partly due to disruptions caused by the Chinese New Year holiday.
Tesla’s (NASDAQ: TSLA) retail sales in China fell significantly last month, affected by seasonal factors like other electric vehicle (EV) makers.
Tesla China sold 63,238 vehicles in January, including 29,535 for export, according to data released today by the China Passenger Car Association (CPCA).
That means the US electric vehicle (EV) maker sold 33,703 vehicles in China’s domestic market in January, down 15.49 percent from 39,881 a year earlier and down 59.36 percent from 82,927 in December, CnEVPost’s calculations show.
The lower sales were partly due to the Chinese New Year holiday from January 28 to February 4, which disrupted industrial production and consumer activities. Most of the data previously released by other EV makers showed significant declines.
Tesla has a factory in Shanghai that produces the Model 3 sedan and Model Y crossover, both for deliveries to local customers and as an export hub for it.
Tesla’s pattern is to produce cars for export in the first half of the quarter and for the local market in the second half, it previously said.
The Shanghai plant’s exports in January were down 6.43 percent from 31,566 a year ago while up 172.49 percent from 10,839 in December.
Tesla China’s overall sales including exports in January were down 11.49 percent from 71,447 a year ago and down 32.56 percent from 93,766 in December.
Including exports, Tesla China’s wholesale sales of Model Y in January were 32,233 units, a decrease of 23.02 percent from 41,873 units in the same month last year and a decrease of 48.00 percent from 61,984 units in December.
Wholesale sales of Model 3, including exports, were 31,005 units, up 4.84 percent from 29,574 units a year earlier, but down 2.44 percent from 31,782 units in December.
China’s January retail sales of passenger new energy vehicles (NEVs) were 744,000 units, up 10.5 percent from a year earlier but down 42.9 percent from December, according to the CPCA.
Retail sales of BEVs in January were 430,000 units, up 13.3 percent year-on-year but down 44.5 percent from December.
This means that Tesla contributed 4.53 percent of China’s passenger NEV retail sales and 7.84 percent of BEV retail sales in January.
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