According to new data, Tesla is selling more cars in China and fewer abroad. The China Passenger Car Association (CPCA) reports that in August, Tesla’s Made-in-China (MIC) Model 3 and Model Y sales went up by 9% compared to last year, totaling 84,159 units. However, this growth is mainly from local sales in China.
The Highland Model 3 has a refreshed design and
Here’s the breakdown:
- Local sales in China were 64,694 cars last month, an 88% increase from last year.
- Exports were down, with just 19,465 cars shipped out, a 54% drop from a year ago.
These changes come as Tesla is preparing to launch a new version of the Model 3, known as Highland. Tesla typically focuses on exports early in a quarter, so this shift toward the local market is noteworthy.
For the first eight months of this year, Tesla’s total local sales were 390,000 MIC electric cars, a 62% increase from last year. In contrast, Tesla exported 234,761 MIC cars from China this year, still a 47% increase from the previous year despite last month’s dip. The data suggests Tesla is doing well in China after some price cuts, but it’s not clear how this will affect the company’s profits in the long run. The focus on local sales could be temporary due to the upcoming Model 3 upgrade or it may signal a new long-term strategy for Tesla in China.
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(Via)
