Economy

Tesla sales in China more than doubled in 2020

Tesla sales in China more than doubled in 2020

Tesla China Model 3 cars were spotted during the handover event at its factory in Shanghai, China, January 7, 2020.

On song | Reuters

Beijing – TeslaChina’s sales in China more than doubled last year amid the coronavirus pandemic, according to Deposit checkout Monday.

The electric car maker’s sales in China reached $ 6.66 billion last year, and accounted for about a fifth, or 21%, of the total $ 31.54 billion.

In 2019, Tesla’s sales in China were $ 2.98 billion, just 12% of the $ 24.58 billion total.

The United States remained Tesla’s largest market, with sales up 20% last year to $ 15.21 billion and constituting nearly half of all sales.

Tesla began ramping up production last year at its Shanghai plant and selling China-made cars to the domestic market.

The company The Model 3 was the best-selling electric vehicle in the country In 2020, according to the China Passenger Car Association. The automaker also began delivering a new model, the Chinese-made Model Y, to domestic customers this year.

However, Tesla faces competition in the domestic market from emerging Chinese electric car companies such as New And the XpengWhile regulatory scrutiny increased.

On Monday, the China State Administration of Market Regulation said on its website that it and four other government departments recently He has met with Tesla’s local subsidiaries about the increase in consumer reports on Problems with the car.

Among the many incidents that have attracted attention on Chinese social media in the past few weeks, A. It was reported that the Model 3 exploded in a Shanghai parking garage In January. Chinese authorities said last week Tesla needed to recall more than 36,000 cars Due to the failure of the touch screen.

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