Bloomes’ registration of China-made cars in the world’s largest car market dropped 24 percent month-on-month to 11,456 in July, Bloomberg reported, citing data from state-sponsored China Automotive Information Net.
The lower registrations in China for China-made Teslas come as Tesla’s main competitors saw their registrations increase. NIO, for example, saw its deliveries jump four times to 3,533 cars in July, according to the data.
The Chinese market is one of Tesla’s most important foreign markets and hosts the first production plant of American electric cars outside the United States.
Beginning January this year, Tesla deliver their first cars to customers of their newly built Gigafactory in Shanghai, just a year after the site on site broke down for construction.
Sales in China of Tesla electric cars made in China returned to a record high in May, five months after Shanghai Gigafactory’s first cars were delivered to customers.
Tesla’s sales in China jumped further in June, with 35 percent from May to 14,954 cars made in China, data from the China Passenger Car Association (CPCA) showed.
Model 3 has received a strong reception in China, not only becoming the best-selling EV, but also competing with medium-sized premium sedans, such as BMW 3 Series and Mercedes C- (even before subsidies and car tax), reduced operating costs and leading standard equipment in the sector, “Tesla said of its Shanghai operations in the Q2 2020 update last month.
Tesla’s revenue in China doubled to US $ 1.4 billion for the second quarter of 2020, from US $ 690 million for Q2 2019, the company said in an SEC filing in July.
Globally, Tesla Model 3 was the best-selling EV in June, with more than 35,800 Model 3s sold in June and more than 142,340 Model 3 sales year to date, with a market share of 15 percent, according to EV Sales.
By Tsvetana Paraskova for Oilprice.com
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