Overview
- CPCA data show Tesla sold 26,006 vehicles in China in October, down 35.8% year over year and 63.6% from September, with EV market share sliding to 3.2%, the lowest in more than three years.
- Exports of China-made Teslas climbed to 35,491 units, a two-year high equal to 57.7% of output as Giga Shanghai prioritized overseas shipments at the start of the quarter.
- From January through October, Tesla’s China retail deliveries totaled 458,710 vehicles, down 8.4% year on year, with total sales including exports at 667,861, down 10.2%.
- Chinese competitors strengthened their position, with Xiaomi reporting a record 48,654 deliveries and Tesla lagging newcomers such as Nio in October.
- CPCA reported a 0.8% decline in China’s overall car sales and slower NEV growth as subsidies and tax breaks faded, while Tesla extended local purchase incentives and said full FSD (Supervised) approval in China is targeted around February–March 2026.