(Boursier.com) — You’re here sold 94,139 electric vehicles manufactured in China in December, an increase of 69% compared to the previous year, according to data revealed this Wednesday by the China Passenger Car Association and relayed in particular by Reuters. Deliveries of Model 3 and Model Y made in China increased 14% compared to November. This brings sales of Tesla vehicles manufactured in China, including exports, to 947,742 units for the whole year – or 52% of global deliveries from Elon Musk’s group. The Tesla factory in Shanghai is able to produce 1.1 million Model 3 and Model Y units per year, and supplies China, Australia and even Europe.
Chinese competitor BYD, with its Dynasty and Ocean vehicles, delivered 341,043 vehicles in December, representing growth of 13% compared to November and a gain of 45% over one year. BYD had a record quarter with sales of 944,779 new energy vehicles in the fourth quarter, including 526,409 pure EVs, Reuters said based on CPCA data.
In the fourth quarter, Elon Musk’s group produced a total of around 495,000 vehicles and delivered more than 484,000 units. In 2023, vehicle deliveries increased 38% year-on-year to 1.81 million, while production increased 35% to 1.85 million units. Over the year, the group produced 1,775,159 Model 3 and Y. The group also delivered 1,739,707 units of these models, which represent the bulk of the annual and quarterly performance. The group sold a total of 484,507 units over the last quarter, compared to around 483,200 consensus. Production, at 494,989 units, also beats the consensus which stood at 482,300 units. Tesla therefore delivered a record number of vehicles in the fourth quarter and reached its target of 1.8 million for 2023, according to figures released yesterday.
©2024 Boursier.com