Tesla China, based in Giga Shanghai, recorded an impressive performance in Q3 2023, despite a minor setback in September sales. The company’s remarkable growth story was highlighted by a surge in Giga Shanghai-made vehicle production and sales, affirming its dominant position in the global electric vehicle market.
Key Highlights
- Tesla China Sales: In September, Tesla China reported the sale of 74,073 vehicles, a 10.9% decrease compared to the previous year. This dip was attributed to the absence of the Model 3 sedan, which traditionally plays a pivotal role in the company’s domestic sales.
- Giga Shanghai Triumph: The Giga Shanghai factory in China has been instrumental in driving Tesla’s success. The facility produced a staggering 430,488 vehicles in Q3 2023, showcasing the company’s robust manufacturing capabilities.
- New Model 3 Launch: In a strategic move, Tesla initiated pre-sales for the new Model 3 in China, with prices starting at 259,900 yuan ($35,600). This anticipated launch is expected to reinvigorate Tesla China’s sales figures, as deliveries are set to commence in the fourth quarter of 2023.
Q3 2023 Performance
In Q3 2023, tesla China sold a total of 222,517 vehicles, marking an impressive 18.16% year-over-year increase. This number not only underscores the company’s formidable presence in the Chinese market but also accounts for a substantial 51.15% of Tesla’s global deliveries.
Global Perspective
On a global scale, Tesla delivered 435,059 vehicles in Q3 2023, reflecting a remarkable 26.53% surge from the previous year. However, this figure experienced a slight dip of 6.67% from the second quarter of 2023.
Year-to-Date Success
Since the beginning of the year, Tesla China has achieved an astounding 44.71% year-over-year increase, with 699,056 Giga Shanghai-made vehicles sold from January to September 2023.
Looking ahead, Tesla is poised to launch an aggressive push in the final quarter of 2023. The company has set its sights on a global delivery milestone of 1.8 million cars by year-end, indicating an ambitious pursuit of growth and expansion.
Conclusion
Despite a brief decline in September sales, China’s overarching success story is evident. The forthcoming launch of the new Model 3 promises to reinvigorate sales, while the Giga Shanghai factory’s robust production capabilities continue to bolster the company’s global standing.
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SOURCE : TESLARATI
FAQs
Why did Tesla China experience a decline in September sales?
The absence of the Model 3 sedan impacted domestic sales, as it remains a substantial contributor to Tesla’s overall sales in China.
When are deliveries of the new Model 3 expected to commence?
Deliveries of the new Model 3 are projected to begin in the fourth quarter of 2023, both in China and in territories where the model is offered.
What are Tesla’s global delivery goals for 2023?
Tesl a aims to achieve a worldwide delivery milestone of 1.8 million cars by the end of 2023, showcasing the company’s ambitious growth targets.