Tesla China saw 10,500 new vehicle registrations in the week of October 21-27, 2024, representing a 20.45% decrease from the previous week’s 13,200 registrations. Despite the dip, industry watchers note that Tesla’s domestic registrations are up 6.5% compared to 2023 figures, showcasing the company’s recent strength in the Chinese market.
According to data shared by the China Passenger Car Association (CPCA), Tesla China’s domestic sales reached a year-to-date high in September, with 72,200 vehicles sold in the country’s domestic market. The electric vehicle maker also exported 16,121 vehicles to foreign territories during that month.
To maintain its sales momentum, Tesla China has extended its five-year, zero percent interest loan program until the end of November, with the possibility of further extension until the end of the year. This aggressive sales strategy demonstrates Tesla’s commitment to capturing a larger share of the Chinese auto market.
Despite the week-over-week decline in new vehicle registrations, the overall trend for Tesla China remains positive, with the company’s domestic sales outpacing its 2023 performance. Industry analysts will continue to monitor Tesla’s progress in the world’s largest electric vehicle market.
