Model Y retail sales in China were up 23.12 percent in November from October, Model 3 sales were the highest since September 2022.
Model Y sales stayed strong and Model 3 saw significant gains, driving Tesla's (NASDAQ: TSLA) rebound in China sales last month.
Retail sales of the Model Y in China totaled 44,576 units in November, up 23.12 percent from 36,204 in October, though down 10.63 percent from 49,877 in the same month last year, according to data from the China Passenger Car Association (CPCA) shared by automotive media outlet Yiche today.
The Model Y contributed 60.66 percent of Tesla's 73,490 retail sales in China in November, CnEVPost's calculations show.
In the January-November period, retail sales of the Model Y in China were 418,428 units, up 5.57 percent year-on-year, contributing 72.87 percent of Tesla's retail sales of 574,175 units in China in the same period.
Tesla has a factory in Shanghai that produces the Model 3 sedan and Model Y. The annual production capacity is its largest in the world at around 1 million units.
Model 3 retail sales in China in November totaled 28,914 vehicles, the highest since September 2022. That's up 575.40 percent from 4,281 in October and 85.03 percent from 15,627 in the same month last year.
In the January-November period, Model 3 retail sales in China were 155,747 units, up 18.42 percent year-on-year, contributing to 27.13 percent of Tesla's retail sales in China in the same period.
Tesla's sales in China in November were the highest so far this year, as exports of the Giga Shanghai lowered to a more than 2-year low.
The EV maker'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.
Tesla's sales in China in November were up 12.19 percent from 65,504 a year earlier and up 81.52 percent from 40,485 in October, according to a CnEVPost report earlier this week.
Giga Shanghai exported 5,366 units in November, the lowest since June 2022, down 68.30 percent from 16,928 a year ago and down 80.69 percent from 27,795 in October.
The Model Y exported 2,019 units in November, a 76.40 percent decrease from a year ago and a 66.69 percent decrease from October.
The Model 3 exported 3,347 units in November, a decrease of 60.02 percent year-on-year and down 84.60 percent from October.
On November 25, Tesla began offering limited-time discounts of RMB 10,000 ($1,380) in China for two lower-priced variants of the Model Y, in an attempt to capitalize on the end-of-year car-buying season.
The promotion appears to be showing initial results, with the company seeing a significant increase in insurance registration numbers last week.
For the week of December 1 to December 8, Tesla had 21,900 insurance registrations in China, the second-highest weekly figure on record and a 17.11 percent increase from the previous week's 18,700 units.
($1 = RMB 7.2482)
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