TESLA

Company leads the way in the Chinese market

In a press conference held yesterday in Beijing, the Chinese Association of Automobile Manufacturers (CAAM) revealed the situation of the auto and electric vehicle market in the country. More cars were found to be sold than a year ago at the same time, and Tesla is leading by a significant margin among electric car makers and sellers.
The coronavirus pandemic has hit China's economy and machine manufacturers are no exception. In the first six months of this year, the country produced 12.314 million and sold 12.365 million vehicles, which is 11.8% and 12.7% less compared to the same period last year. The reduction was 5% and 4.2%, respectively.
In July, car production and sales reached 2.201 million and 2.112 million, down 5.3% and 8.2% compared to the previous month, but 21.9% and 16.4% more than in the same previous period. year. It is proposed that this fact be considered a gradual recovery of the Chinese economy.
Electric vehicles, or, as they are called in China, “new energy vehicles” presented a 15.6% YoY increase in production in July (100,000 electric cars were produced) and 19.3% in the number of cars sold by month (98,000 pieces). Tesla is still the leader in the electric car market, whose production, represented by Model 3, reached 12,571 units per month and sales totaled 11,014 units. In fact, more than three of the company's closest competitors were sold together in China in July.
It has to be said that, about a year ago, many government and local (municipal) benefits for the purchase of electric vehicles were canceled in China. However, the pandemic forced many of them to return. For example, in many metropolitan areas in China there is a restriction on obtaining license plates, which is done to reduce traffic, congestion and pollution. When registering an electric vehicle, this restriction no longer applies. This and other incentives have increased demand for electric vehicles. At least annually.

AVnews