According to a news released by the China Passenger Car Association (CPCA) on December 5, Tesla’s Shanghai Gigafactory delivered 100,291 electric vehicles in November, setting a new monthly delivery record again. In the first 11 months of this year, the factory has delivered more than 650,000 vehicles.
Cui Dongshu, Secretary-General of CPCA, said that the delivery volume of the factory in the first 11 months far exceeded the 484,130 vehicles delivered in 2021, and it is estimated that the factory is expected to hit the annual sales volume of 750,000 vehicles this year. But Reuters said Tesla plans to cut Model Y production at its Shanghai plant by more than 20% in December compared with November. Tesla later denied the report.
Since the beginning of this year, Tesla has made several price adjustments. In September and October, it provided insurance subsidies to buyers of the Model 3 and Model Y in China, up to 8,000 yuan ($1,150). By the end of October, Tesla announced a price adjustment of the Model 3 and Model Y, with the latter being reduced by up to 37,000 yuan.
In order to let more consumers enjoy the subsidy that will expire at the end of the year, Tesla recently introduced a variety of preferential policies. Consumers can enjoy an insurance subsidy of 4,000 yuan by purchasing Tesla’s car in December 2022 and picking up the car on schedule. In December, users who order a Model 3 or Model Y through online self-service and complete the delivery will receive a 20,000-point reward, which can be exchanged for charging services.
At present, taking Tesla Model Y rear-wheel drive version as an example, Australian consumers need 12-28 weeks to receive the new car produced in the Shanghai factory, while Chinese consumers only need 1-5 weeks to pick up the car. According to the report released by the China Automobile Dealers Association on November 28, the Tesla Model Y ranked first with a one-year preservation rate of 88.52%, Model X ranked fourth with a preservation rate of 85.3%, and the Model 3 ranked eighth with a score of 83.46%.
CPCA expected the wholesale sales volume of new energy passenger car manufacturers to be about 732,000 vehicles in November, an increase of about 8% from October and an increase of about 71% from November last year. Cui Dongshu predicted that the sales volume of new energy vehicles in China will exceed 5.7 million from January to November, and the production and sales volume of new energy vehicles in China is expected to exceed 6.5 million units this year.
“The market continues to be optimistic about new energy vehicles, which is not only because of the quality, but also the construction of supporting facilities and the alleviation of charging anxiety in winter. In addition, the subsidies that are about to expire are also an important factor,” Cui said.