China: Tesla EV Retail Sales And Exports Increased In 2023

2023 was a relatively good year for the Tesla Giga Shanghai factory, as the world’s largest electric car factory increased its output by a third year-over-year.

According to the additional data from China, both retail sales and exports increased quite noticeably last year.

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Tesla Giga Shanghai EV factory

The Tesla Giga Shanghai factory is the world’s largest all-electric car manufacturing plant, which in 2023 produced close to 950,000 Model 3 and Model Y cars. That’s more than half of Tesla’s total global volume.

According to the China Passenger Car Association’s (CPCA) data, out of 94,139 Tesla MIC Model 3/Model Y wholesale vehicle shipments last month, the vast majority fall on local sales—75,805 (up 81% year-over-year), while exports amounted to 18,334 units (up 32% year-over-year).

* CPCA reports wholesale shipments, not registrations/customer deliveries.

It’s worth noting that the retail sales were at a near-record level, just slightly behind March 2023 (over 76,000), as well as behind June and September 2022, when more than 77,000 units were sold locally in China.

Tesla MIC Model 3/Model Y wholesale shipments last month (YOY change):

  • Retail sales in China: 75,805 (up 81%)
  • Export: 18,334 (up 32%)
  • Total wholesale shipments: 94,139 (up 69%)

In 2023, the total wholesale sales almost reached 950,000 units, which is 33% more than a year ago and the best year ever.

The most positive thing is that both, retail sales in China and export increased in 2023.

Tesla MIC Model 3/Model Y wholesale shipments year-to-date (YOY change):

  • Retail sales in China: 603,664 (up 37%)
  • Export: 344,078 (up 27%)
  • Total wholesale shipments: 947,742 (up 33%)
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Model Sales

In terms of models, in December, the total wholesale shipments were as follows:

  • MIC Model 3: 31,981 (up 60%) and 302,362 YTD
  • MIC Model Y: 62,158 (up 74%) and 645,380 YTD

For the Model 3, it’s the highest monthly result in a long time, which means that the switch to the Highland version is in full swing right now.