Tesla Model Y

BYD maintained its dominant lead in the global BEV market in the third quarter, followed by Tesla and Geely.

Model Y's January-November retail sales in China totaled 359,463 units, down 14.09 percent year-on-year.

Compared to October, Tesla's retail sales in China rebounded in November, partly due to the launch of a new Model Y variant and the boost from selling inventory cars.

Chinese buyers opting for Model Y inventory cars can secure delivery within this year, thereby qualifying for more favorable tax policies.

The new 821-km Model Y variant secured orders equivalent to three weeks of production capacity at Tesla's Shanghai factory on its launch day.

Model Y retail sales in China from January to October totaled 312,331 units, down 16.46 percent year-on-year.

Tesla's October retail sales in China came in at 26,006 units, the lowest figure since November 2022.

The new Model Y variant starts at RMB 288,500 ($40,500) and boasts an 821-km CLTC range, with estimated delivery times of 2-4 weeks.

Model Y retail sales in China totaled 51,173 units in September, up 6.16 percent year-on-year, boosted by the launch of the six-seat Model Y L.

Both new projects have now entered the validation testing phase, according to a report by 36kr.