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China: MIC Tesla Sales Exceed 54,000 In October 2021 – AutoSector.com ®
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AutoSector.com ®

China: MIC Tesla Sales Exceed 54,000 In October 2021


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Tesla‘s overall sales/export of Made-in-China (MIC) Model 3/Model Y reached a near-record level in October.

The total volume (sales and export) – according to the China Passenger Car Association (CPCA)’s data (via Reuters, Moneyball and Chinese media) increased 348% year-over-year to 54,391 units.

* CPCA reports wholesale shipments, not registrations/deliveries.

Only the month of September was better, with 56,006 units, but the difference is small, which means that the Tesla Giga Shanghai plant continues to produce cars at its all-time high rate.

Only BYD achieved a higher volume in October – over 80,000 (more on that in a separate report).

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Last month, only about 25% of the total Tesla volume was directed to Chinese customers. In total, the local sales amounted to about 13,725 (up 13% year-over-year) or roughly 25% of the total.

Year-to-date, Tesla has sold in China some 218,000 electric cars.

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The majority of MIC Tesla cars were exported – a total of 40,666 units, according to the data, which is a new all-time monthly record.

Tesla’s EV export is an order of magnitude higher than in the case of Chinese manufacturers.

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The data for individual models is not yet available to us. We will try to update this post once the data emerges.

The previous month was a record high for local Tesla Model 3 and Tesla Model Y sales, but in the export-oriented October, the volume will be much lower. Nonetheless, we guess that the Q4 results will be significantly higher than a year ago.

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The month of November is also expected to be focused on exports, while in December we will probably see a high number of local deliveries.

 

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