In the January-February period, Tesla's retail sales in China amounted to 70,022 units, up 15.23 percent year-on-year.
Tesla's (NASDAQ: TSLA) retail sales in China fell further last month, mainly due to the Chinese New Year holiday.
Tesla China exported 30,224 vehicles in February, and is one of the top 10 carmakers exporting vehicles from China, according to data released today by the China Passenger Car Association (CPCA).
That's a 25.33 percent decrease year-on-year, and down 4.25 percent from January.
Tesla has a factory in Shanghai that produces the Model 3 sedan and Model Y crossover, and delivers to local customers as well as being an export hub.
The CPCA data released on March 4 showed that Tesla sold 60,365 China-made vehicles in February, down 18.87 percent from 74,402 in the same month a year ago and down 15.51 percent from 71,447 in January.
Today's numbers mean that Tesla sold 30,141 vehicles in China in February, down 11.15 percent from a year ago and down 24.42 percent from January.
In the January-February period, Tesla's retail sales in China were 70,022 units, up 15.23 percent year-on-year.
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, it previously said.
February 10-17 was the 2024 Chinese New Year holiday, which created a major disruption to car deliveries. Last year's New Year holiday was January 21-27, 2023.
Of the 60,365 China-made vehicles Tesla sold in February, including exports, 36,248 were Model Y and 24,117 were Model 3, according to the CPCA.
Retail sales figures for the Model 3 and Model Y in China in February are not yet available.
Industry-wide, retail sales of new energy vehicles (NEVs) in China in February were 388,000 units, down 11.63 percent year-on-year and down 41.83 percent from January.
In January-February, retail sales of NEVs in China amounted to 1,055,000 units, up 36.9 percent year-on-year.
Retail sales of battery electric vehicles (BEVs) in China in February amounted to 221,000 units, a decrease of 24.97 percent year-on-year and down 41.22 percent from January.
Retail sales of plug-in hybrid electric vehicles (PHEVs) in China totaled 167,000 units in February, up 15.54 percent year-on-year but down 42.61 percent from January.
That means Tesla's share of China's NEV market was 7.77 percent in February, up from 5.97 percent in January and essentially flat from 7.73 percent a year earlier, CnEVPost calculations show.
In China's BEV market, Tesla's share was 13.64 percent in February, up from 10.61 percent in January and up from 11.50 percent a year earlier.
Among the major EV players, companies including Tesla, Nio (NYSE: NIO), and Xpeng (NYSE: XPEV) make only BEVs, while companies such as BYD (HKG: 1211, OTCMKTS: BYDDY) and Li Auto (NASDAQ: LI) make both BEVs and PHEVs.
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