Tesla Model S, X Imports Into China Hit 4,799 In Q1 2017
9 MO BY ERIC LOVEDAY
Tesla sales are up some 350% in China in Q1 2017.
Initially, Tesla got off to a slow start in China, but the results are now in for Q1 2017 and the numbers are impressive.
“Tesla’s sales disclosure last year created a new narrative that Tesla might be on the path to turning China into a thriving market. And new first quarter data of Tesla’s China imports suggest that Tesla kept up its blazing growth.”
We got our first hint of this growth back in March 2016 when Tesla announced that it had sold $1 billion worth of vehicles in China in 2016.
Later came the Q1 results. Reports suggest that Tesla imported 4,799 Model S and X electric vehicles into China in Q1 2017 alone. If true, that’s 350% more than the Q1 imports from Tesla in 2016.
“Tesla imported 4,799 Model S and Model X SUVs into China in the first three months of this year, 350% more than the first quarter of 2016, according to data from JL Warren Capital, a New York-based researcher. If Tesla keeps up the pace throughout this year, the number of imports would nearly double its total last year. But since Tesla sales have increased towards the end of the calendar year in the country, JL Warren Capital’s data shows, Tesla is more likely to more than double last year’s sales.”
Impressive results considering that the Model S and X get hit with import tariffs that drive up pricing.
Separately, Electrek reports that combined China/Hong Kong sales in Q1 2017 for the Model S and X reached approximately 8,000 units.
Global Q1 Tesla sales were confirmed by the automaker at 25,051 units.
Additional details from Tesla’s Q1 sales/earning report here.