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Tesla set a new record in December, registering nearly 24,000 vehicles and accounting for over 11% of all retail sales of new energy passenger vehicles in December.
Tesla sold 23,804 Model 3 vehicles in China in December, according to figures released by the China Passenger Car Association (CPCA). This represents an 11.5% share of all retail sales of new energy passenger vehicles for this period. Giga Shanghai further expanded its production capacity, resulting in an increase in production and sales growth of 10.8% compared to December.
Starting in January, we are expected to see even more rapid growth in the production and sales of Tesla in China, as the mass production of Model Y has started. According to the company's goals, production will continue to increase, reaching 300,000 Model 3s in 2021. In addition, at the moment, Tesla plans to reach a production capacity of 250,000 Model Ys in 2021.
Retail sales of new energy passenger cars in China reached 206,000 units in December, up 58.1% year-on-year, and 20.8% more than in November. In December, the electric vehicle market showed a sharp increase in sales of both expensive and budget models. In the A00 class, 57,000 units were sold, accounting for 32% of the electric vehicle market. Class A electric vehicles accounted for 28% of the electric vehicle market share with strong year-end growth. EVs of the B-class reached 47,000 units, which is 18% more than in November, with a share of 23%.
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