Half of Tesla's sales in China come from cities with restrictions on car purchases

Half of Tesla's sales in China come from cities with restrictions on car purchases

Tesla Model 3 sales in China in June were 45.7 percent from cities with restrictions on car purchases, and for the Model Y, that ratio was 52.2 percent, according to a July 15 report from Essence Securities.

The figure comes from the number of cars insured with SALI (Statutory Automobile Liability Insurance) in June, which is mandatory when purchasing a car in China.

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The number of Tesla insurance registrations in China in June was 28,508, up 90.4 percent year-over-year. The number of Tesla Model 3 insurance registrations was 16,995 and the number of Model Y was 11,513.

Tier 1 and Tier 2 cities collectively contributed 88.9% and 95.5% to Model 3 and Model Y insurance registrations, respectively.

The five cities that contributed the most to Model 3 insurance registrations in June were Shanghai, Shenzhen, Beijing, Hangzhou and Chengdu, with a combined 44.7 percent.

For the Model Y, these cities were Shanghai, Beijing, Hangzhou, Shenzhen and Chengdu, with a combined share of 50.9 percent.

The number of insured registrations for Tesla in China in the second quarter was 63,566, down 6,629 from the first quarter.

Half of Tesla's sales in China come from cities with restrictions on car purchases

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