- Tesla China's wholesale volume stood at 79,478 vehicles in April, up 35.96% year-on-year.
- Despite the annual growth, the sales volume slipped 7.23% from March, failing to keep pace with the broader market's month-on-month expansion.
Tesla China recorded strong annual growth in its April wholesale volume, though sales pulled back compared to March.
Tesla China's wholesale volume came in at 79,478 vehicles in April, representing a 35.96% increase from a year earlier, but a 7.23% decline from March, according to data released Thursday by the China Passenger Car Association (CPCA).
Tesla's month-on-month decline contrasted with the trend in China's broader new energy vehicle (NEV) market. The estimated wholesale volume of passenger NEVs in China was 1.22 million units in April, up 7% both year-on-year and month-on-month.
Despite the slowing momentum in April, Tesla maintained solid growth in the first four months of the year. During the January-April period, its total wholesale volume stood at 292,876 vehicles, up 26.67% year-on-year.
In March, Tesla China's wholesale deliveries surged to 85,670 vehicles as the Chinese auto market recovered from the seasonal lull.
The robust March performance pushed Tesla's first-quarter wholesale deliveries to 213,398 units. This represented a 23.53% increase from a year earlier, demonstrating the resilience of its Chinese operations.
Tesla's wholesale volume data includes both cars sold in the domestic Chinese market and vehicles exported to overseas markets from its Shanghai plant.
Specific data regarding Tesla's domestic deliveries and exports from the Shanghai plant in April are expected to be released by the CPCA later this month.
Data released earlier this month by Tesla's major competitors in China revealed mixed results for April.
BYD's NEV wholesale sales in April reached 321,123 units, up 6.96% from March. However, this marks the company's eighth consecutive month of year-on-year sales decline, with a drop of 15.51%.
Geely Auto's total sales in April reached 235,164 units, a marginal year-on-year increase of 0.45%, as record-breaking overseas exports offset a 27.62% decline in the domestic market.
Nio Inc delivered 29,356 vehicles in April, marking a 22.83% year-on-year increase, but a 17.27% decline from March.
Xpeng delivered a total of 31,011 vehicles in April, down 11.51% year-on-year, marking its fourth consecutive month of year-on-year decline. However, the rate of decline is narrowing, and the company achieved a 13.12% month-on-month increase compared to March.
Li Auto delivered 34,085 vehicles in April, a slight increase of 0.43% compared to the same period last year, but a double-digit decline of 16.97% from March.
