Already have an account? Identifying yourself
While operations at its Fremont plant slowed in the quarter due to the COVID-19 pandemic, Tesla Inc’s Gigafactory Shanghai (NASDAQ: TSLA) continued to produce models 3.
Tesla’s fan site, Tesmanian, compiled knowledge of Tesla’s June 3 sales figures and found that the company sold many more electric cars than any other company in Shenzhen, Beijing and Shanghai. This is despite the fact that, from year to year, sales of electric cars have fallen by 34.9%.
Tesla sold 1,651, 1,808 and 2,790 Model 3s in each city, respectively, versus the next highest of 580, 373, and 332 vehicles of each leading competitor per each city.
See Also: Nio’s July Deliveries Up 322% Year-Over-Year, Down Month-Over-Month
Tesmanian collected the data via the China Banking and Insurance Regulatory Commission (CBIRC) license plate report.
Benzinga’s Take: Tesla’s domination of EV sales continues in China after the construction of the company’s Gigafactory Shanghai. Tesla has been a popular brand in China, but now that they have a factory in the country, the company was able to lower prices and take advantage of local tax incentives.
Photo courtesy of Tesla.
Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at [email protected]