According to news from Sina Finance on January 17th, despite the slowdown in the entire auto market, China's Tesla, Inc. last monthThe number of new car registrations climbed again, reaching its highest level since March.
According to the government-backed China Automotive Industry Information Network, the number of Tesla, Inc. cars registered rose to 6643 in December, of which 30 were the first locally made cars in China. The website collects industry data based on insurance purchases. Tesla, Inc. began delivering cars made at his Shanghai factory to employees at the end of last month. The Shanghai factory is also Tesla, Inc. 's first overseas factory.
The December figure brings Tesla, Inc. 's total annual registration in the world's largest electric car market to 42715, up from 16360 in 2018. And the growth comes against the backdrop of a slowdown in overall car sales in China, which has fallen for the second year in a row, according to the National passenger car Market Information Association. Sales of electric cars were also hit last year as the government cut car subsidies.
Tesla, Inc. said in October that he would stop selling its basic imported Model 3 in China, which may have prompted buyers who wanted the US version to place an order, pushing up subsequent registrations. The California-based company does not provide monthly data by region, but it delivered 112000 vehicles worldwide in the fourth quarter, bringing total deliveries to 367500 in 2019.
After the first domestic Model 3 cars were delivered to buyers working for Tesla, Inc., the company began delivery to the public on January 7 and held a ceremony. Musk attended the ceremony and thanked the Chinese government for helping its plant on the outskirts of Shanghai be completed and put into production in just one year.
Tesla, Inc. cut the starting price of domestic cars by 9% from Jan. 3 to 299050 yuan ($43500) after government subsidies. Production director Song Gang said the Shanghai plant now assembles more than 1000 cars a week and plans to double that rate this year. People familiar with the matter have said that further price cuts are likely in the second half of 2020 as local component purchases increase.