Tesla Inc, a US-based electric vehicle maker, has reported its Chinese-made Tesla’s Model Y sales picking up in China less than three months since deliveries began.
According to figures from the China Passenger Car Association’s available data, this SUV was the third best-seller at 4630 units in February.
Tesla Model Y
This car was also the 9th best selling model among new energy vehicles that also include cars on electricity.
Tesla said the Chinese Model Y would begin deliveries at a 30% cheaper earlier announced price tag.
The Model Y was ranked popular even though car sales typically fall during the week-long Lunar New Year holiday, February of each year.
Nationally, vehicles sales plunged 45.5% in February compared to January 2021.
Between January and February 2021, an estimated 3.34 million passenger cars have been sold in China, with new energy vehicles being 7.5% of this number.
Chinese electric car startups Xpeng and Li Auto- reported a slump in February deliveries, pushing down their Q1 forecasts.
Rival Nio leads with roughly twice the deliveries in February and a much higher projection for the quarter.
According to the passenger car association data, the three Chinese startups’ vehicles rank among the top 15 new energy cars sold in China in the first two months of 2021.
But the startups still lag more significant automakers in China’s electric vehicle market.
First place is held by Hongguang Mini, a low-cost, miniature electric car developed by General Motors’ joint venture with Wuling Motors and state-owned SAIC Motor.
According to the association’s data, Tesla’s Model 3 sedan, which was the best-selling electric car in China last year, was placed second for February and the first two months of the year.
In third place for January and February combined was BYD’s luxury Han sedan, the data showed.
The vehicle, which comes in pure-electric and hybrid models, has surged in popularity since its launch.