Update: 3900 Tesla cars were sold in February.
China is the largest automobile market in the world and is currently in recession. But the Model 3 manufactured at Giga Shanghai remains a highlight in the market.
Due to the ongoing situation with COVID-19, China's economy is under great pressure. Even despite subsidies and tax breaks, car sales in the country have declined. The only electric car that continues to have relatively high sales figures in this situation remains the Tesla Model 3 of domestic production.
In January, Tesla became the sales leader among all electric vehicles, and sold 3,183 Model 3s. February also showed a high interest of Chinese consumers in Model 3, since 2,284 units of this model were sold, which made it the leader in terms of sales.
March showed that Tesla remains a strong automaker, which attracts high interest from buyers. South China Morning Post reports, that California automaker sold 3,900 Model 3s in China last month, more than double Guangzhou Automobile Group’s Alon S, which came in second place with 1,433 units sold, according to the China Passenger Car Association (CPCA).
At the same time, a number of other automakers are having difficulty. Last week, Moody's Investors Service placed the ratings of five carmakers in Korea and China under review for a downgrade. These include Hyundai Motor, Kia Motors, Dongfeng Motor Group, Beijing Automotive Group and Geely.
Tesla's business model is very different from its competitors. Thanks to online sales and that the automaker was able to provide contactless delivery, in the conditions of the COVID-19 outbreak, the demand for its cars remained relatively high.
Special thanks to Twitter user @JosephVVallace for the tipsFollow @EvaFoxU