Tesla China’s vehicle sales have experienced a significant rebound following the launch of the new Model Y and the start of customer deliveries. This surge in sales is particularly evident in China’s rankings for premium battery electric SUVs priced between RMB 200,000 and RMB 300,000 for the week of March 10-16, 2025.
In February, Tesla China faced a notable drop in sales, with only 30,688 vehicles sold wholesale. This marked a 51.47% decline from January and a 49.16% decrease compared to the same period last year. However, it is important to note that the new Model Y had just started local deliveries towards the end of February. As a result, Tesla China spent most of the month clearing out its inventory of older Model Y units, which impacted overall sales performance.
The tide began to turn in March with the introduction of the new Model Y to the Chinese market. During the week of March 10-16, Tesla China recorded 15,300 new vehicle registrations, the highest for the quarter. The standout performer was the new Model Y, which saw an impressive 9,451 units sold during the same week. This made the new Model Y the best-selling premium electric SUV in its price range, far outpacing its closest competitor, the Zeekr 7X, which only managed to sell 1,390 units.
Looking ahead, Tesla China’s first quarter delivery numbers are expected to show a year-over-year decline due to the delayed launch of the new Model Y. However, the impact of the new model on Tesla China’s overall sales performance is likely to become more apparent in the upcoming quarters. The strong reception of the new Model Y in China bodes well for Tesla’s continued success in the region.