This is another decline in Tesla's China-made vehicle sales after an 11.98 percent sequential drop in September.
Tesla's (NASDAQ: TSLA) Shanghai factory continued to deliver fewer vehicles last month, likely due in part to the impact on production capacity of the new Model 3 in its early stages of production.
The US electric vehicle (EV) maker sold 72,115 China-made vehicles in October, up 0.57 percent from 71,704 in the same month last year, but down 2.64 percent from 74,073 in September, according to data released today by the China Passenger Car Association (CPCA).
This is another decline in Tesla China-made vehicle sales after an 11.98 percent sequential decrease in September. In June, sales of China-made Tesla vehicles reached 93,680, the highest point so far this year.
In the January-October period, Tesla sold 771,171 China-made vehicles, up 39.01 percent from a year earlier, data monitored by CnEVPost showed.
Tesla has a factory in Shanghai that produces the Model 3 sedan and Model Y crossover. Breakdown sales figures for both models are currently unavailable.
The factory currently has an annual capacity of more than 950,000 vehicles, Tesla's largest in the world, according to the company's third-quarter financial report released last month.
Giga Shanghai began operations in late 2019 and began deliveries of the locally produced Model 3 in January 2020 and the locally produced Model Y in January 2021.
Tesla unveiled the new Model 3 and began pre-sales of the sedan in China on September 1. On October 19, the new Model 3 officially began selling in China. On October 26, Tesla said it had begun deliveries of the revamped Model 3 in China.
Tesla also launched the new Model Y, which has minor feature updates, in China on October 1, and announced on October 15 that deliveries of the model had begun.
Tesla sold 74,073 China-made vehicles in September, including 43,507 delivered in China and 30,566 exported.
The Model 3 sold 2,079 units in China in September, and the Model Y 41,428 units.
Tesla's pattern is to produce cars for export in the first half of the quarter and for the local market in the second half, the company previously said.
China NEV market share in Sept: BYD 34.5%, Tesla 5.8%, Nio 2.1%
