According to preliminary data released by the China Passenger Car Association on Tuesday, $Tesla (TSLA.US)$ Tesla's Shanghai factory sold 86,700 vehicles in November, marking a 10% increase compared to the same period last year. Against the backdrop of a general decline in global sales under Elon Musk's leadership, this represents only the third growth in shipments from its Chinese plant this year. This figure stands as the second-highest monthly total for the company this year, trailing only the wholesale volume achieved in September.
This growth has emerged as a rare bright spot for Tesla in the Chinese market this year. The company is currently grappling with restricted federal electric vehicle subsidies in the United States and anticipates that its global sales will decline for the second consecutive year.
Although the preliminary data did not break down the proportion of Tesla’s shipments allocated between exports and domestic sales, the majority of vehicles produced at the Shanghai plant are primarily sold locally. The factory has an annual production capacity of up to 950,000 electric vehicles, accounting for approximately 40% of the company’s total production capacity.
Data from the China Passenger Car Association also showed that sales of new energy vehicles (including plug-in hybrids and battery electric vehicles) grew by 20% year-over-year in November.
Recently, Tesla also disclosed its November sales figures for key European markets, where declines worsened but results were mixed. In France, Tesla’s new car registrations plummeted by 58% in November, barely exceeding 1,600 units. In Denmark, Tesla’s sales dropped by 49%, while in Sweden they plunged by 59%, continuing a trend of weakness over multiple quarters.
Meanwhile, Norway stood out as a rare exception. Tesla’s sales there have already surpassed the annual records of any other automaker, setting a new high for the country’s yearly sales with one month still remaining in the year. Tesla’s November registrations surged by 175% in Norway, partly driven by uncertainties surrounding future tax incentives for electric vehicles, prompting consumers to make early purchases.
Editor/Doris
