Tesla sold 40,485 cars in China in October, the lowest level since April, as exports from its Shanghai factory rose 72.41 percent from September.
Tesla (NASDAQ: TSLA ) deliveries in China fell last month, as exports from its Shanghai factory increased.
Data released today by the China Passenger Car Association (CPCA) showed that Tesla China sold 68,280 vehicles in October, including 27,795 exported vehicles.
This means the US electric car maker sold 40,485 vehicles in China in October, the lowest level since April, CnEVPost calculations show.
That’s up 41.43 percent from 28,626 vehicles in the same period last year, but down 43.93 percent from 72,200 vehicles in September.
From January to October, Tesla sold 500,685 vehicles in China, exceeding the 500,000 unit mark, an increase of 8.29 percent over the previous year.
Tesla has a factory in Shanghai that produces the Model 3 sedan and Model Y crossover, both for delivery to local customers and as an export center.
She previously said that Tesla’s pattern is to produce cars for export in the first half of the quarter and for the domestic market in the second half.
October marked the start of the fourth quarter, which saw Tesla allocate more cars for exports.
Notably, Tesla’s total sales in China in October, including exports, fell by 5.32 percent from 72,115 in the same month last year, and fell by 22.69 percent from 88,321 vehicles in September.
Exports from Tesla’s Shanghai factory in October fell by 36.09 percent from 43,489 in the same month last year but increased by 72.41 percent from 16,121 in September.
Among Tesla’s October sales in China including exports, Model Y sales amounted to 42,265 units, contributing 61.90 percent of sales. This represents a decrease of 10.39 percent from 47,164 in the same month last year and a decrease of 17.37 percent from 51,152 in September.
Model 3 sales, including exports, were 26,015 units, contributing 38.10 percent of Tesla’s sales in China for October. This is up 4.26 percent from 24,951 last year but down 30.01 percent from 37,169 in September.
Retail sales figures for the Model 3 and Model Y in China in October are not yet available.
Across the sector, retail sales of new energy vehicles in China reached a record high of 1.2 million units in October, up 56.7 percent from a year ago and up 6.4 percent from September.
Retail sales of battery electric vehicles in China reached 673,000 units in October, accounting for 56.3 percent of total retail sales of new energy vehicles, which rose 36.79 percent year on year and up 4.50 percent from September.
This means that Tesla’s share of the Chinese new energy vehicle market was 3.39 percent in October, down from 6.43 percent in September and down from 3.73 percent a year earlier, CnEVPost calculations show.
In China’s electric vehicle market, Tesla’s share was 6.02 percent in October, down from 11.21 percent in September, but up from 5.78 percent a year earlier.
Tesla is offering an opportunity to visit the Shanghai factory as an incentive to purchase a new car
