Monthly Data

From January to March, Tesla Model Y retail sales in China were 94,647 units, second only to BYD Song's 141,415 units.

The models ahead of the ET5 are all from German luxury automakers Mercedes-Benz, BMW and Audi.

CATL's share of the LFP market in March was 39.47 percent, higher than 38.88 percent for BYD, which was No. 1 in the LFP market in both January and February.

The CAAM proposes that China's central and local governments continue to introduce policies to promote auto consumption, given the current weak market expectations.

In retail, China's NEV penetration rate was 34.2 percent in March, up 6 percentage points from 28.2 percent in March 2022 and up from 31.6 percent in February.

Tesla's share of the NEV market in China was 14.12 percent in March and 20.02 percent in the BEV market.

This was up 27 percent from February, but below the CPCA's estimate of around 560,000 units announced in late March.

With consumers in a wait-and-see mood, orders and transaction rates did not increase significantly, and auto demand recovered less than expected, the CADA said.

In the first quarter, Tesla sold 229,322 China-made vehicles, contributing 54 percent of its global deliveries in the quarter.

In the first quarter, wholesale sales of new energy passenger vehicles in China are expected to be 1.48 million, up 25 percent year-on-year, the CPCA said.