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Tesla takes 23% of China’s overall EV market in June; Model 3 sales rise 35%

Hamartia Antidote

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https://www.teslarati.com/tesla-model-3-sales-rise-35-percent-china/
Screen Shot 2020-07-15 at 7.45.18 AM.jpg


It appears that the Tesla Model 3 is headed for new heights in China, with the all-electric sedan selling approximately 14,954 units in June, a 35% increase compared to the previous month. This is quite impressive, considering that Made in China Model 3 sales already saw a 150% spike back in May.

As shared recently by web media researcher @DKurac, China’s overall EV sales for June 2020 stood at around 67,000 vehicles. Among this number, and thanks to the rising sales of the Model 3 produced in Gigafactory Shanghai, Tesla ended the month commanding 23% of China’s overall electric vehicle sales.


The ramp of Tesla’s locally produced Model 3 has gotten quite steady over the past couple of months in China. Since dropping in April, Tesla Model 3 sales recovered as government incentives rolled out in May, and as the company launched more variants of the vehicle like the Long Range RWD. Considering the company’s sales numbers in June, it appears that the Model 3 is starting to hit its stride among China’s car buyers.

Ultimately, the Tesla Model 3’s June sales bode well for the all-electric sedan and its place among China’s roster of best-selling electric vehicles. After all, the Tesla Model 3 was dubbed as China’s best-selling EV in May, and that was a month when the American electric car maker only sold 11,095 units of the all-electric sedan.



While Model 3 sales are already seeing a relatively steady rise in China, Tesla’s overall presence in the country is poised to see a massive ramp within the coming year. This is due to the current expansion of Gigafactory Shanghai, which would allow the electric car maker to start producing the Model Y — a rather reasonably priced crossover — for the Chinese market. Considering that crossovers are prolific in China, there is a good chance that the Model Y could attract far more buyers than the Model 3.

The current pace of Gigafactory Shanghai’s expansion suggests that the Model Y factory’s shell is now being outfitted with production equipment. If Tesla and its construction partners maintain their current pace, it would not be surprising if Model Y trial production runs could begin later this year. This is quite in line with the pace of the Made in China Model 3’s rollout, which saw trial production units rolling off the line in early Q4 2019 and customer deliveries starting in Q1 2020.

Screen Shot 2020-07-15 at 7.40.42 AM.jpg
 
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Who's taken rest of the 77% market?

We can get a sense of it from an earlier chart when Tesla was 11,468
This is MAY not JUNE

China-Electric-Vehicle-Sales-May-2020-CleanTechnica.png


Note how the top BYD model has slid to #4 behind Buick. Oh how the mighty have fallen Warren Buffet.
Screen Shot 2020-07-15 at 11.25.35 AM.jpg

Buick Velite 6
 
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Good more EV means less dependence on Oil, if this trend continues we can see oil prices never going above $30 by next decade
 
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China invited Tesla so that she can leap forward in her supply chain.

Eventually this benefit BYD and others.
 
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We can a sense of it from an earler chart when Tesla was 11,468
This is MAY not JUNE

China-Electric-Vehicle-Sales-May-2020-CleanTechnica.png


Note how BYD has slid to #4 behind Buick. Oh how the mighty have fallen Warren Buffet.
This is a list of different models of electric cars sales in May, not the number of electric cars sold by each car manufacturer.
 
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Do you image the outcry if a Chinese company start selling autonomous EV cars in the US. That will be banned, export controls will be imposed and their executives arrested. But for some reason Tesla and Apple does not represent a national security problem inside China. If one day Americans companies are banned in China that same mental retards that cry national security every damn second will shouting with closed fists from rooftops about "Unfairness", "Free Markets", "stand up to China" and "Is different when we do it".
And dont tell that google is banned in China because the only thing that google need to do to enter the Chinese market is launch a censored version of its search engine inside China.
You have to really admire the patient of the Chinese. Any other nation would have throw the towel.
 
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We can get a sense of it from an earlier chart when Tesla was 11,468
This is MAY not JUNE

China-Electric-Vehicle-Sales-May-2020-CleanTechnica.png


Note how the top BYD model has slid to #4 behind Buick. Oh how the mighty have fallen Warren Buffet.
View attachment 651358
Buick Velite 6

Numbers are just too small for EV in general. When they start selling in millions per year, we will see them who is a true leader then.
 
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USA already sees China as an enemy. Soon China will also see US as an enemy. Tesla won't survive in that environment in China.
 
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https://www.teslarati.com/tesla-model-3-sales-rise-35-percent-china/
View attachment 651234

It appears that the Tesla Model 3 is headed for new heights in China, with the all-electric sedan selling approximately 14,954 units in June, a 35% increase compared to the previous month. This is quite impressive, considering that Made in China Model 3 sales already saw a 150% spike back in May.

As shared recently by web media researcher @DKurac, China’s overall EV sales for June 2020 stood at around 67,000 vehicles. Among this number, and thanks to the rising sales of the Model 3 produced in Gigafactory Shanghai, Tesla ended the month commanding 23% of China’s overall electric vehicle sales.


The ramp of Tesla’s locally produced Model 3 has gotten quite steady over the past couple of months in China. Since dropping in April, Tesla Model 3 sales recovered as government incentives rolled out in May, and as the company launched more variants of the vehicle like the Long Range RWD. Considering the company’s sales numbers in June, it appears that the Model 3 is starting to hit its stride among China’s car buyers.

Ultimately, the Tesla Model 3’s June sales bode well for the all-electric sedan and its place among China’s roster of best-selling electric vehicles. After all, the Tesla Model 3 was dubbed as China’s best-selling EV in May, and that was a month when the American electric car maker only sold 11,095 units of the all-electric sedan.



While Model 3 sales are already seeing a relatively steady rise in China, Tesla’s overall presence in the country is poised to see a massive ramp within the coming year. This is due to the current expansion of Gigafactory Shanghai, which would allow the electric car maker to start producing the Model Y — a rather reasonably priced crossover — for the Chinese market. Considering that crossovers are prolific in China, there is a good chance that the Model Y could attract far more buyers than the Model 3.

The current pace of Gigafactory Shanghai’s expansion suggests that the Model Y factory’s shell is now being outfitted with production equipment. If Tesla and its construction partners maintain their current pace, it would not be surprising if Model Y trial production runs could begin later this year. This is quite in line with the pace of the Made in China Model 3’s rollout, which saw trial production units rolling off the line in early Q4 2019 and customer deliveries starting in Q1 2020.

View attachment 651232
Hey China is collapsing and we are buying teslas? Make up your mind jose
 
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