Tesla

Model Y retail sales in China were up 23.12 percent in November from October, Model 3 sales were the highest since September 2022.

In the January-November period, BYD ranked first in China's NEV market with a 34.5 percent share, while Tesla ranked third with a 6.0 percent share.

Tesla sold 73,490 vehicles in China in November, its highest month of this year. Giga Shanghai's exports in November were the lowest since June 2022 at 5,366 units.

In the past six years, Tesla has never been recalled due to fire risk, and the probability of a Tesla catching fire is only one-eighth that of a gasoline car, said Grace Tao, VP of the EV maker.

Tesla saw a rebound in China-made vehicle sales, including exports, last month, after seeing a dip in October.

Tesla said it has no plans to sell the Cybertruck in China for now, after previous rumors that the electric pickup could be brought to the country through official channels sparked discussion.

Tesla China's payment cycle to supply chain partners has been further shortened to around 90 days from about 101 days in 2023, according to Tesla VP Grace Tao.

Tesla has over 400 local tier-1 suppliers signed up in China, more than 60 of which are in its global supply chain system, according to local media.

Tesla is offering a limited-time discount in China for two less expensive variants of the Model Y, probably because the crossover's major refresh is not far away.

Tesla Model 3 wait time in China has been shortened from 2-4 weeks previously to 1-3 weeks, while the Model Y remains unchanged at 1-3 weeks.