{"id":248018,"date":"2023-12-10T20:49:03","date_gmt":"2023-12-10T20:49:03","guid":{"rendered":"https:\/\/automotobuzz.com\/?p=248018"},"modified":"2023-12-10T20:49:03","modified_gmt":"2023-12-10T20:49:03","slug":"china-tesla-increased-ev-retail-sales-but-exports-were-down-55-in-november-2023","status":"publish","type":"post","link":"https:\/\/automotobuzz.com\/electric-cars\/china-tesla-increased-ev-retail-sales-but-exports-were-down-55-in-november-2023\/","title":{"rendered":"China: Tesla Increased EV Retail Sales, But Exports Were Down 55% In November 2023"},"content":{"rendered":"<p>Additional sales data from China reveals an interesting difference between Tesla&#8217;s exports and retail sales in the world&#8217;s largest electric car market for the month of November.<\/p>\n<p>According to the China Passenger Car Association&#8217;s (CPCA) data, out of 82,432 Tesla MIC Model 3\/Model Y wholesale vehicle shipments last month, the vast majority falls on local sales\u201465,504 (up 5% year-over-year), while export represents only a small part of 16,928 units (down 55% year-over-year).<\/p>\n<p><em>* CPCA reports wholesale shipments, not registrations\/customer deliveries.<\/em><\/p>\n<p>We are not sure why exports decreased so much, nor why they are down for the second consecutive month (after a 20% drop in October).<\/p>\n<p>Tesla MIC Model 3\/Model Y wholesale shipments last month (YOY change):<\/p>\n<ul style=\"list-style-type: disc;\">\n<li>Retail sales in China: 65,504 (up 5%)<\/li>\n<li>Export: 16,928 (down 55%)<\/li>\n<li>Total wholesale shipments: 82,432 (down 18%)<\/li>\n<\/ul>\n<h3><span><svg class=\"arrow-heading\"><use xlink:href=\"https:\/\/insideevs.com\/design\/dist\/critical\/icons\/sprite-common-0-dc6b7de11d922cb73553899f27128303.svg#sqr-arrow\"\/><\/svg><\/span>Tesla MIC Model 3\/Model Y wholesale shipments &#8211; November 2023<\/h3>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/cdn.motor1.com\/images\/custom\/thumbnail\/tesla-mic-model-3model-y-wholesale-shipments-november-2023.png\"><\/p>\n<p>Nonetheless, the results after 11 months of the year are still positive. Retail sales in China and exports are up year-over-year by about a third.<\/p>\n<p>The main issue is that the year-over-year growth rate significantly decreased despite the fact that the company reduced prices (affecting its margins).<\/p>\n<p>Tesla MIC Model 3\/Model Y wholesale shipments year-to-date (YOY change):<\/p>\n<ul style=\"list-style-type: disc;\">\n<li>Retail sales in China: 527,859 (up 33%)<\/li>\n<li>Export: 325,744 (up 27%)<\/li>\n<li>Total wholesale shipments: 853,603 (up 30%)<\/li>\n<\/ul>\n<h3><span><svg class=\"arrow-heading\"><use xlink:href=\"https:\/\/insideevs.com\/design\/dist\/critical\/icons\/sprite-common-0-dc6b7de11d922cb73553899f27128303.svg#sqr-arrow\"\/><\/svg><\/span>Retail Sales in China<\/h3>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/cdn.motor1.com\/images\/custom\/thumbnail\/tesla-mic-model-3model-y-wholesale-shipments-november-2023-b.png\"><\/p>\n<h3><span><svg class=\"arrow-heading\"><use xlink:href=\"https:\/\/insideevs.com\/design\/dist\/critical\/icons\/sprite-common-0-dc6b7de11d922cb73553899f27128303.svg#sqr-arrow\"\/><\/svg><\/span>Export<\/h3>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/cdn.motor1.com\/images\/custom\/thumbnail\/tesla-mic-model-3model-y-wholesale-shipments-november-2023-c.png\"><\/p>\n<h2><span><svg class=\"arrow-heading\"><use xlink:href=\"https:\/\/insideevs.com\/design\/dist\/critical\/icons\/sprite-common-0-dc6b7de11d922cb73553899f27128303.svg#sqr-arrow\"\/><\/svg><\/span>Model Sales<\/h2>\n<p>In terms of models, in November, the total wholesale shipments decreased compared to November 2022:<\/p>\n<ul style=\"list-style-type: disc;\">\n<li>MIC Model 3: 23,999 (down 23%)<\/li>\n<li>MIC Model Y: 58,433 (down 15%)<\/li>\n<\/ul>\n<p>That&#8217;s an interesting outcome, considering that both models were refreshed\u2014the Model 3 (code name Highland) has been significantly upgraded while the Model Y has been slightly updated.<\/p>\n<p>Even more interesting is that the Model 3 wholesale shipments in November were lower than in October (24,951) and not much higher than in July-September (over 20,000).<\/p>\n<p>One of the explanations is that the Tesla Giga Shanghai factory might not be able to produce a higher number of the new Model 3 cars yet.<\/p>\n<p>Source: <a href=\"https:\/\/insideevs.com\/news\/700041\/china-tesla-ev-retail-sales-export-november2023\/\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Additional sales data from China reveals an interesting difference between Tesla&#8217;s exports and retail sales in the world&#8217;s largest electric<\/p>\n","protected":false},"author":2,"featured_media":248017,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8 - 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