According to data released by the China Passenger Car Association (CPCA) on Monday, the U.S. EV maker Tesla’s wholesale volume in China in the month of October (including exports) was 54,391 units, a decrease of 2.97% compared to 56,006 units in September.
Its volume in China in October was 13,725 units, down 73.68% from the 52,153 units in September. While 40,666 vehicles were exported in October, an increase of 955.44% compared to 3,853 vehicles in September, exceeding 40,000 vehicles for the first time and hitting a monthly export record.
In December this year, Tesla will launch two new models in China’s market, namely the new Model Y Long Range version and the Model Y Performance. Further, the company will export a new model to global markets, which is the new Model 3 standard range+ version. The battery life of the new model will be increased from 448 km to 491 km and is expected to be launched in China in January next year.
According to a report released by the CPCA, new energy passenger car sales in China totaled 368,000 in October, up 148.1% year-on-year. Other manufacturers whose sales exceeded 10,000 units, in addition to Tesla, included BYD with 80,373 units, SAIC-GM-Wuling with 42,133 units, SAIC Motor Passenger Vehicle with 24,085 units, GAC AION with 12,064 units, and Xpeng Motors with 10,138 units.
In October, the sales volume of BYD’s plug-in hybrid continued to rise and reached 38,641 vehicles, an increase of 17% from the previous month. The growth of sales in this new type of care suggests the feature is attractive to consumers.
Among vehicle startups, sales volumes of emerging companies such as Xpeng Motors, Hozon Auto, Li Auto, WM Motor, NIO and Leapmotor generally perform well year-on-year and month-on-month. Sales performance of those companies operating in second-tier cities in Zhejiang Province such as Hozon Auto, WM Motor and Leapmotor, are gradually rising.