Tesla China starts 2025 on a strong note with 5,500 new vehicle registrations
Yesterday at 07:19 AM
Tesla China seems to be starting 2025 on a strong note.
During the week of December 30, 2024 to January 5, 2025, Tesla China saw 5,500 new vehicle registrations.
BY THE NUMBERS:
- With 5,500 new vehicle registrations in the week ending January 5, 2025, Tesla China's insurance registrations are down 70.43% from the previous week's 18,600 units.
- Despite this, the results also represent a 205.6% improvement quarter-over-quarter and a 71.9% improvement year-over-year, as observed by industry watchers.
- The results also represent the second-best first week of the quarter for Tesla China.
- Tesla doesn't report its weekly sales figures, but a general idea of the company's overall performance in the domestic auto market can be inferred through new vehicle registration data.
- Fortunately, these registrations are closely tracked by industry watchers, as well as some automakers like Li Auto.
For the week of December 30-January 5, China reported 5.5k insurance registrations for Tesla.
— Roland Pircher (@piloly) January 7, 2025
The quarter is +205.6% QoQ, +71.9% YoY. Second best first week of the quarter. pic.twitter.com/RmhqQyWG2F
TESLA CHINA'S PERFORMANCE:
- As per data from the China Passenger Car Association (CPCA), Tesla China sold a total of 93,766 vehicles wholesale in December 2024.
- From this number, Tesla China sold a record high of about 83,000 vehicles in the domestic Chinese market in December, as noted in a CNEV Post report.
- Tesla China's domestic sales in December represent a 12.8% improvement from the company's local sales in November 2024.
- Estimates suggest that in Q4 2024, Tesla sold about 196,900 vehicles in China. This would represent about 40% of the company's 495,570 global deliveries in the fourth quarter.
- For the full year 2024, Tesla China sold about 657,000 vehicles in the domestic market. That's an 8.8% improvement year-over-year.
- With this, Tesla's deliveries in China effectively contributed to about 37% of the company’s global deliveries in 2024.
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