Tesla sales in China crash 45% to lowest level in over three years

6 hours ago

Tesla's domestic sales in China dropped 45% year-over-year in January to 18,485 units, the lowest since November 2022.
Exports from Giga Shanghai surged 71% year-over-year, with 73% of January production shipped abroad.
Model Y fell to 20th place in China's retail rankings, while Xiaomi's YU7 became the best-selling passenger vehicle.
Tesla's domestic retail sales in China have been declining, with a 4.78% drop in 2025 and market share falling to 8%.
Competition from domestic brands like Xiaomi, which outsold Tesla's Model 3, is intensifying.
Factors contributing to the decline include the pull-forward effect from December 2025, expired trade-in subsidies, and weak NEV market demand.
Tesla's aggressive promotions and financing offers have not stopped the decline in demand.
The structural problem remains: Tesla's aging models face stiff competition in China's dynamic auto market.

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