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Tesla Sells 59,261 Cars in China in Jun, up 7% From May

CnEVPost ·  16:31

Tesla sold 59,261 vehicles in China in June, down 20.15 percent year-on-year but up 7.33 percent from May.

Tesla (NASDAQ: TSLA) saw a further sequential rebound in electric vehicle (EV) sales in China last month, as it typically produces for the local market in the second half of each quarter.

Tesla China sold 71,007 vehicles in June, including 11,746 for export, according to data released today by the China Passenger Car Association (CPCA).

That means the US electric vehicle (EV) maker sold 59,261 vehicles in China in June, down 20.15 percent from 74,212 a year earlier but up 7.33 percent from 55,215 in May, CnEVPost calculations show.

Tesla China's exports in June were down 39.67 percent from 19,468 a year earlier and down 32.33 percent from 17,358 in May.

Tesla has a factory in Shanghai that makes 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.

Of Tesla China's June sales including exports, the Model Y was 43,951 units, contributing 61.90 percent of sales. This was down 30.28 percent from 63,043 in the same period last year and down 3.10 percent from 45,359 in May.

Model 3 sales, including exports, amounted to 27,056 units, contributing to 38.10 percent of Tesla China's June sales. That's down 11.69 percent from 30,637 a year ago, and down 0.58 percent from 27,214 in May.

Retail sales figures for the Model 3 and Model Y in China in June are not yet available.

Across the overall sector, retail sales of new energy vehicles (NEVs) in China totaled 856,000 units in June, up 28.6 percent year-on-year and up 6.4 percent from May.

Retail sales of battery electric vehicles (BEVs) in China totaled 493,000 units in June, up 9.80 percent year-on-year but down 0.57 percent from May.

Retail sales of plug-in hybrid electric vehicles (PHEVs) in China totaled 363,000 units in June, up 67.28 percent year-on-year and up 17.56 percent from May.

That means Tesla's share of China's NEV market was 6.92 percent in June, up from 6.87 percent in May but down from 11.16 percent a year earlier, CnEVPost calculations show.

In China's BEV market, Tesla's share was 12.02 percent in June, up from 11.15 percent in May but down from 16.53 percent a year earlier.

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