Tesla

Tesla sold 657,102 retail units in China in 2024, ranking third in the Chinese NEV market with a 6.0 percent share, according to the CPCA.

Tesla China exported 76,380 Model Y units in 2024, a 54.58 percent decrease from 2023. The Model 3 exported 183,178 units, a 4.14 percent increase from 2023.

Tesla has begun offering charging perks to Model 3 and Model Y buyers in China, as the revamped Model Y goes on sale and the price of the Model 3 goes up.

The prices of all three variants of the Model 3 have gone up by RMB 3,600 ($490) in China, with the range of the entry-level version increased by 28 km.

Tesla's Chinese website offers a seating layout option for the facelifted Model Y, although only five-seat is currently available, implying the possibility of three-row seating variants.

Xiaomi CEO hinted that the YU7 SUV is more competitive in the face of the Model Y update.

Tesla's China website listed the facelifted Model Y and has begun offering two variants it calls the “Launch Series,” with deliveries expected to begin in March.

In the fourth quarter, Tesla's retail sales in China were 196,902, contributing 39.73 percent of global deliveries.

A facelifted Tesla Model Y not wrapped in camouflage has been spotted undergoing winter testing, signaling that it could be close to launch.

In the fourth quarter, Tesla China's sales including exports were about 240,900, contributing about 49 percent of the EV maker's global deliveries in the quarter.