According to the China Automotive Technology and Research Center (CATARC), via Moneyball, the number of 69,631 new Tesla cars insured in the first quarter is one of the highest among premium brands.
The first three brands are still quite far away, but at this point, Tesla is the best of the rest in terms of volume.
Number of new cars insured in Q1 2021 and average price:
- Mercedes-Benz - 222,513, average - 434,200 RMB
- BMW - 221,809, average - 400,900 RMB
- Audi - 197,005, average - 328,3,000 RMB
- Tesla - 69,631, average - 276,000 RMB
- Lexus - 60,571, average - 393,700 RMB
- Cadillac - 58,655, average - 269,300 RMB
- Hongqi - 54,115, average - 214,200 RMB
- Volvo - 43,652, average - 324,100 RMB
- Range Rover - 21,171, average - 593,700 RMB
- Porsche - 20,777, average - 789,400 RMB
- NIO - 19,844, average - 428,000 RMB
- Lincoln - 19,520, average - 375,300 RMB
- MINI - 8,079, average - 263,700 RMB
- Jaguar - 7,042, average - 286,800 RMB
- Infiniti - 4,926, average - 268,500 RMB
However, if we will compare the brands by the average price, Tesla is one of the most affordable on the list, at 276,000 RMB ($42,175). NIO is 55% higher at 428,000 RMB ($65,400).
Because of that, the total Tesla revenues might be still behind many other brands.
Tesla Model Y in March
The insurance data from CATARC reveals also that the Tesla Model Y - thanks to its new record sales in March - is the top electric crossover/SUV in China.
Moreover, we can see a few interesting results like the BMW iX3 (1,526) way above Mercedes-Benz EQC (557) or newly launched Volkswagen ID.4X (495):
- Tesla Model Y - 10,140
- NIO ES6 - 2,960
- NIO EC6 - 2,484
- Xpeng G3 - 1,955
- Weima EX5 - 1,746
- BMW iX3 - 1,526
- NIO ES8 - 1,467
- GAC Aion V - 1,052
- Geely Geometry C - 959
- Honda Everus VE1 - 748
- BYD Yuan - 650
- Mercedes-Benz EQC - 557
- Volkswagen ID.4X - 495
- SAIC Roewe Marvel R - 434
- BYD Tang - 431
The "Q1" in the table is probably wrong (should be "March", we guess):