Tesla Continues Leading China’s EV Market

Tesla continues to be at the top of the leaderboard in China’s electric vehicle market with the sale of 11,014 vehicles in July. 

The China Association of Automobile Manufacturers (CAAM) held a press conference in Beijing this morning updating the public on the recovery status of its automotive industry. 

In the meeting CAAM discussed July car production and sales in what seems like mostly good news. “In July, the production and sales of automobiles were 2.201 million and 2.112 million, a decrease of 5.3% and 8.2% from the previous month, and an increase of 21.9% and 16.4% from the same period last year. From January to July, the production and sales of automobiles were 12.314 million and 12.365 million, a year-on-year decrease of 11.8% and 12.7%, respectively. The decline was 5 and 4.2 percentage points lower than that in the first six months.”

They also discussed “new energy vehicles” (electric vehicles) with similar reports. “In July, the production and sales of new energy vehicles were 100,000 and 98,000 respectively, down 2.4% and 5.5% month-on-month, and up 15.6% and 19.3% year-on-year.”

Tesla’s made-in-China Model 3 continues its strong demand with 12,571 vehicles produced and 11,014 vehicles sold in July alone. As The Next Avenue reported in the beginning of August, Tesla’s made-in-China Model 3 beat the 3 next best-selling all-electric vehicles in China combined. All in a market that recovered faster than any other amid the current global pandemic.

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