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5mo ago

Tesla's China-Made EV Sales Decline 11.5% in January

The drop in sales is attributed to production adjustments for a refreshed Model Y and the timing of the Chinese New Year holidays.

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People walk past Tesla electric vehicles (EV) at the carmaker's delivery centre in Beijing, China January 8, 2025. REUTERS/Florence Lo/File photo
Tesla CEO Elon Musk gestures during the Tesla China-made Model 3 Delivery Ceremony in Shanghai. Tesla CEO Elon Musk presented the first batch of made-in-China cars to ordinary buyers on January 7, 2020 in a milestone for the company's new Shanghai "giga-factory", but which comes as sales decelerate in the world's largest electric-vehicle market. (Photo by AFP) / China OUT
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Overview

  • Tesla sold 63,238 China-made vehicles in January 2025, an 11.5% decrease compared to January 2024.
  • Sales also dropped 32.6% from December 2024, when the company sold 93,766 units.
  • The decline is partly linked to production line adjustments for the upcoming refreshed Model Y, with deliveries expected to begin globally in March.
  • The Chinese New Year holidays, which fell earlier this year, also impacted production and sales figures.
  • Tesla's competitor BYD saw a 47.5% year-over-year increase in January sales, reaching 296,446 units, driven by strong plug-in hybrid and EV performance.