Tesla China closed out December 2024 on a high note, with a total of 76,552 vehicles insured during the month. Data from December 2 to 29 revealed that there were 18,600 insurance registrations in the final week of the month, marking it as the third-highest week of the year and the second-highest for the quarter. This surge in registrations is a testament to the consistent demand and successful deliveries that Tesla has been experiencing in the Chinese market, which is currently the largest EV market in the world.
The strong performance in December contributed to Tesla’s year-to-date growth of 7.7%, with a total of 656,339 vehicles insured compared to 610,074 in 2023. The fourth quarter also saw an impressive 8.3% quarter-over-quarter increase and a 13.6% year-over-year increase, according to data compiled by @Tslachan. It is important to note that the final numbers for December may still change as data from December 30 and 31 are yet to be included.
Despite the slight lag in data, Tesla’s December results highlight the company’s strong foothold in the Chinese market and its enduring appeal to consumers. As one of the most competitive EV markets in the world, Tesla’s consistent performance and market presence demonstrate its ability to thrive in a challenging environment.
Overall, Tesla continues to make strides in China, solidifying its position as a key player in the EV industry. The company’s success in the Chinese market is a testament to its innovative technology, superior product offerings, and unwavering commitment to sustainability. With the new year on the horizon, Tesla’s future in China looks promising as it continues to lead the way in the electric vehicle revolution.