Tesla China exported 20,000 electric vehicles in February, a 4.2-fold increase year-on-year

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On March 11, data from the China Association of Automobile Manufacturers showed that in February, the production and sales of new energy vehicles reached 694,000 and 765,000 units respectively, down 21.8% and 14.2% year-on-year. The sales of new energy vehicles accounted for 42.4% of the total new car sales.

Among the top ten vehicle export companies in February, Chery exported 124,000 units, a year-on-year increase of 44.1%, accounting for 18.5% of total exports. Compared to the same period last year, Tesla (TSLA.US) had the most significant export growth, reaching 20,000 units, a 4.2-fold increase year-on-year. From January to February, among the top ten vehicle exporters, Chery exported 243,000 units, a year-on-year increase of 45.6%, accounting for 18% of total exports. Compared to the same period last year, Geely’s export growth was the most notable, reaching 156,000 units, a 1.5-fold increase year-on-year.

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