Tesla China made a strong comeback in March 2025, with the electric vehicle manufacturer reporting wholesale sales of 78,828 vehicles. This impressive figure was shared by the China Passenger Car Association (CPCA).
During the month, Tesla China sold 78,828 vehicles wholesale, with 4,701 units being exported abroad. This means that the company sold 74,127 vehicles domestically, marking an 18.8% increase year-over-year and a significant 176.8% increase month-over-month.
The results for Tesla China in March are particularly remarkable considering that the company spent most of the first quarter transitioning Giga Shanghai to the new Model Y. The new Model Y only began domestic deliveries in late February, which explains why Tesla China focused primarily on the local market in March.
The wholesale results for Tesla China in March included 49,029 units of the new Model Y, which represented a decrease of 14.8% from the previous year but a substantial 510.4% increase from February 2025. Additionally, the Model 3 sedan saw wholesale results of 29,799 units in March, a slight drop from the previous year but a notable increase from February.
China’s New Energy Vehicle (NEV) market saw 991,000 sales in March, with a significant improvement year-over-year. Of this number, 646,000 units were Battery Electric Vehicles (BEV). Tesla China held a 7.48% share of the overall NEV market and a more significant 11.47% share in the BEV segment in March.
Overall, Tesla China’s performance in March showcased its resilience and strong presence in the Chinese electric vehicle market. The company’s focus on the local market, especially with the introduction of the new Model Y, has proven to be successful, contributing to its impressive sales figures and market share.