Auto Tesla sales in China recorded strong growth in January

Tesla sales in China recorded strong growth in January

US electric auto giant Tesla sold about 66,000 vehicles in China in January, up 10.3 percent year-on-year, the company said Friday.

In early January, the electric car maker cut the prices of its popular models made in China, including the Model 3 and Model Y, by between 20,000 and 48,000 yuan (about $2,968.15 to $7,123.56).

Company employees and customers during the examinations

During the Chinese Lunar New Year holiday in late January, Tesla China showrooms and delivery centers enjoyed a huge boom after the prices of its best-selling models reached an all-time low.

“In the long term, China’s auto market, especially the new energy vehicle market, has bright prospects,” said Cui Dongxu, general secretary of the China Passenger Car Association. Compared to developed countries, China’s per capita car ownership still has huge potential for growth.

According to the association’s estimates, sales of new passenger cars in China will reach 8.5 million units in 2023.

Tesla’s Shanghai Gigafactory, the company’s first large factory outside the United States, delivered 710,000 cars in 2022, up 48 percent from 2021.

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