Korean Media: Can Tesla Revive Its Glory with "Made in China" After Seven Consecutive Months of Growth?
On July 8, South Korean media outlet JoongAng Ilbo published an article stating that Tesla has increased exports of its China-made electric vehicles for seven consecutive months. The company appears to be actively leveraging its Shanghai factory as a base for overseas sales.
Data released by the China Passenger Car Association shows that Tesla's Shanghai factory delivered 85,982 electric vehicles in May, marking a 39.4% year-on-year increase and an 8.2% month-on-month rise. This figure includes not only domestic sales within China but also exports to overseas markets such as Europe and South Korea.
Tesla’s retail sales in China reached 25,956 units in April, a sharp 53.7% drop compared to the same period last year, pushing it out of the top ten list of China’s electric vehicle sales.
The industry generally believes that Tesla is unlikely to experience a significant rebound in its Chinese market sales, as local players like BYD and NIO have entered a recovery phase in May, while emerging companies such as Leapmotor continue making notable progress.
On the other hand, exports of China-made Tesla vehicles are performing strongly. In South Korea—a key market—Tesla has topped import car sales for four consecutive months. Since March, Tesla’s popularity in the Korean market has surged, becoming the only imported brand to exceed 10,000 monthly sales in the country.
In May, Tesla broke its own historical record for monthly sales in Australia, achieving 5,605 units and ranking first among electric vehicle sales. During the same month, Tesla’s sales in Australia reached 2,812 units, up 18% year-on-year, intensifying competition with brands like Kia and Volkswagen.
Original article: toutiao.com/article/1870130891855884/
Disclaimer: The views expressed in this article are solely those of the author.