According to figures released by the China Passenger Car Association (CPCA), sales of electric vehicles manufactured in China by US automaker Tesla increased 19.2% in September compared to the same month last year. Deliveries of Model 3 and Model Y automobiles, which are also exported to Europe, were up 1.9% over the previous month. These cars are manufactured in China.
According to a corporate statement, Tesla sold more than 72,000 electric vehicles in China’s domestic market, rising 66% year over year and marking the company’s biggest month to date.
With its Dynasty and Ocean lineups of electric vehicles and plug-in hybrids, Chinese rival BYD had its greatest month ever in September, with a 45.56 percent year-over-year rise in passenger car sales to 417,603 units.
According to BYD’s report, 33,012 cars, or 7.9% of the total sales, were sold abroad. With the increase in September, Tesla recorded its first quarterly increase of the year with a 12% increase in China-made EV sales from July to September.
Rivals like Xpeng and Nio were vying to release low-cost versions in the world’s largest car market, but the US EV giant has been offering incentives to entice buyers. It continued to offer zero-interest financing for certain Model 3 and Model Y vehicles in China through the end of October after it ended in late September.
According to Reuters, Tesla also intends to start producing a six-seat version of its popular but aging Model Y in China in late 2025.
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