China: Tesla Increased EV Exports, But Retail Sales Fell In September 2023

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China: Tesla Increased EV Exports, But Retail Sales Fell In September 2023
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New sales data from China reveals that September was a very unusual month for Tesla, which noted a sharp decrease in retail Model 3 sales.

New sales data from China reveals that September was a very unusual month for Tesla, which noted a sharp decrease in retail Model 3 sales, likely related to the upcoming switch to a new version. According to the China Passenger Car Association's data, the overall volume of Tesla MIC Model 3/Model Y wholesale vehicle shipments last month amounted to 74,073 units, which is nearly 11 percent less than a year ago.

Tesla MIC BEV wholesale vehicle shipments last month : Model 3/Model Y: 74,073 Tesla MIC BEV wholesale vehicle shipments year-to-date : Model 3/Model Y: 699,056 Retail Sales in China Export The detailed sales data for individual models reveals us that the Tesla Model 3 retail sales in China decreased in September by over 93 percent year-over-year to 2,079. That's the main reason behind weak retail sales overall. However, exports were still relatively strong at 18,745 Model 3 .

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