Tesla registrations in China rebound after Covid-19 pandemic eases

China is a crucial market for Tesla’s growth plans as the company nears eclipsing Toyota Motor Corp. as the world’s most valuable automaker.In May, 11
...
File photo: A man wearing a face mask following the coronavirus disease outbreak walks by Tesla Model 3 sedans and Tesla Model X sport utility vehicle at a new Tesla showroom in Shanghai, China (REUTERS)
File photo: A man wearing a face mask following the coronavirus disease outbreak walks by Tesla Model 3 sedans and Tesla Model X sport utility vehicle at a new Tesla showroom in Shanghai, China

Registrations of Tesla Inc. vehicles rebounded last month in China, suggesting demand is picking up for the US carmaker’s electric sedans as the world’s largest auto market recovers from the coronavirus pandemic.

In May, 11,364 China-built Teslas were registered in the country, according to data from state-backed China Automotive Information Net. That’s the highest monthly tally so far for the carmaker, which is ramping up output after starting deliveries from its first Chinese plant around the beginning of the year.

Also check these Vehicles

Find more Cars
Tesla Model 3 (HT Auto photo)
UPCOMING
BatteryCapacity Icon82kWh Range Icon 555 km
₹ 70 - 90 Lakhs
Alert Me When Launched
Tesla Model S (HT Auto photo)
UPCOMING
BatteryCapacity Icon75 kWh Range Icon396 km
₹70 Lakhs - 1 Cr
Alert Me When Launched
Byd Atto 3 (HT Auto photo)
BatteryCapacity Icon60.48 kWh Range Icon521 km
₹ 33.90 Lakhs
Compare
Bmw 3 Series (HT Auto photo)
Engine Icon2998.0 cc FuelType IconMultiple
₹ 42.30 - 62.90 Lakhs
Compare
View Offers
Bmw 3 Series Gran Limousine (HT Auto photo)
Engine Icon1998.0 cc FuelType IconMultiple
₹ 57.90 - 59.50 Lakhs
Compare
View Offers
Hero Electric Ae-3 (HT Auto photo)
UPCOMING
BatteryCapacity Icon3 kWh Range Icon100 Km
₹ 1.50 Lakhs
Alert Me When Launched

China is a crucial market for Tesla’s growth plans as the company nears eclipsing Toyota Motor Corp. as the world’s most valuable automaker. Yet risks such as Tesla getting caught in US-China trade tensions remain.

The registration tally signals that Tesla is faring better than other electric-vehicle makers in China. While the country’s car market as a whole is recovering — expanding last month for the first time in almost a year as factories and dealerships reopen following the pandemic — sales of EVs have slumped since mid-2019 after the government moved to scale back subsidies and falling oil price made gas guzzlers more competitive.

Tesla was the top EV seller in the country in May, the China Passenger Car Association said last week. It beat out local rivals such as NIO Inc. and global peers including Mercedes-Benz maker Daimler AG. Yet it’s early days for the EV industry, with everyone from Toyota to Volkswagen AG rolling out new models.

FILE PHOTO: Tesla China-made Model 3 vehicles are seen during a delivery event at its factory in Shanghai, China (REUTERS)
FILE PHOTO: Tesla China-made Model 3 vehicles are seen during a delivery event at its factory in Shanghai, China (REUTERS)

Also Read : Tesla workers falling ill may trigger Elon Musk vs California feud on Covid-19

“Tesla showed relatively strong performance last month," Cui Dongshu, secretary general of PCA, told reporters last week. “Tesla outperformed all other domestic new-energy vehicle makers."

Total sales of new-energy vehicles, including electric cars, fell 26% last month to 70,200 units, following a drop of 30% in April and 49% in March, according to PCA. The government still considers electric cars a priority growth area, and has added a slew of fresh stimulus measures to help the industry recover.

Also Read : Tesla's most popular car upgraded with wireless charging, USB-C ports in US

Cars built at Tesla’s new Shanghai plant — its first outside the US — have made up the vast majority of Tesla registrations in China since output from the facility began. The company appears to be on track to reach 100,000 deliveries from the plant in the first year, Wedbush analyst Daniel Ives said last week.

First Published Date: 15 Jun 2020, 16:37 PM IST
NEXT ARTICLE BEGINS

Check Latest Offers

Please provide your details to get Personalized Offers

Choose city
+91 | Choose city
Choose city
Select a dealer

Want to get the best price for your existing car?

Powered by: Spinny Logo
By clicking "View Offers" you Agree to our Terms and Privacy Policy
Dear Name

Please verify your mobile number.

+91 | Choose city
Couldn't verify the OTP.
It's either expired or it's incorrect.