Tesla sells 28,217 China-made vehicles in July 2022
Beijing (Gasgoo)- In the seventh month of 2022, Tesla sold 28,217 China-made vehicles in wholesale, representing a 14% decline over the previous year, according to the China Passenger Car Association (CPCA).
Compared to June, the automaker’s monthly wholesale volume went downhill with a 64% drop.
In the past month, the US electric vehicle maker saw 19,756 vehicles Shanghai-made vehicles shipped overseas, recovering greatly from the previous export debacle in earlier months.
In the first seven months of this year, the cumulative wholesale volume of China-made Tesla vehicles summed up to 322,974 vehicles, 116,938 units of which were exported to overseas markets.
Photo credit: Tesla
Judging from the overall monthly retail volume of new energy passenger vehicles ("NEPV") in China, Tesla secured 1.7% of the market in July, notching down 2.2 percentage points year over year. At the same time, China’s locally-owned brands accounted for 73% of the entire NEPV market, increasing by 9 percentage points from a year ago. The market share of new energy vehicle startups amounted to 16.5% in the past month, slipping 4.6 percentage points compared to the earlier year.
Overall, China’s NEPV wholesale volume hit a new high in July, with 16 automakers selling over 10,000 vehicles. The CPCA commented that the market was mainly driven by BYD, Chery Holding, and GAC Group's blooming sales.
In July, China’s NEPV wholesale volume skyrocketed 123.7% year on year while dropping down 1.1% over June to 564,000 vehicles. Notably, the monthly improvement in sales was better than the CPCA’s expectations. From January to July, there were a total of 3.03 million NEPVs sold via wholesale, more than doubled from a year ago by 123%.
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