Gaishi Automotive News After the Chinese government doubled its subsidy for trade-in cars, shipments at Tesla’s Shanghai factory increased for the second consecutive month in August.
According to preliminary data recently released by the Passenger Transport Association, Tesla’s domestic Model 3 and Model Y sales (including domestic sales and exports) increased to 86,697 units last month, an increase of 3% over the same period last year and a month-on-month increase of 17%.
This shows that Tesla’s Shanghai factory has begun to resume growth momentum after experiencing a slowdown in growth in the first half of the year.
At the end of July, the government doubled subsidies for eligible models to 20,000 yuan (US$2,800), giving a boost to the plug-in hybrid vehicle market, with entry-level electric vehicles and plug-in hybrids benefiting the most, the Federation said.
According to data from the Passenger Transport Association, sales of new energy vehicles (including plug-in hybrid vehicles and pure electric vehicles) in China increased by 32% in August compared with the same period last year.
In addition to benefiting from government subsidies, Tesla has also extended incentives for Chinese buyers.
The company recently announced that its five-year zero-interest financial plan originally scheduled to expire on August 31 will be extended to September 30.
This policy applies to the Model 3 rear-wheel drive version, long-endurance all-wheel drive version, and the Model Y rear-wheel drive version and long-endurance all-wheel drive version.
Consumers who order the above models before September 30 can enjoy the financial plan.
The extension of this policy provides potential Tesla buyers with more flexible payment options and lowers the threshold for car purchases, which may further boost Tesla’s sales performance in the Chinese electric vehicle market.
Industry observers pointed out that in the current quarter, Tesla showed strong signs of recovery in the Chinese market.
If Tesla can maintain this momentum until the end of September, the company could record its strongest quarterly sales to date in the Chinese market.
Tesla CEO Elon Musk has said he believes Tesla can surpass last year’s performance this year.
Tesla’s sales performance in the Chinese market in the third and fourth quarters may determine whether Musk can achieve his goals.
,, Return to the first electric network home page>,.
