China: Tesla EV Retail Sales And Exports Increased In 2023

Sales in China were at a near-record level last month, indicating strong demand.

Tesla Model 3 (Highland) In China (source: Tesla Asia - @Tesla_Asia / X)

Mark Kane

By: Mark Kane

Jan 9, 2024 at 5:00pm ET

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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):