Tesla China saw approximately 13,266 insurance registrations for its vehicles between February 27 and March 5, 2023. In the previous week, Tesla China saw 10,705 vehicle registrations.
In accordance industry observers in China, insurance registrations for the Tesla Model Y totaled 10,157 during the week ending March 5. This represents a 27.83% increase from the previous week. It also marks the first time this year that Model Y registrations have surpassed 10,000.
Tesla Model 3 insurance registrations totaled 3,345 units in the week ending March 5, as per a CNEV post report. This figure represents a decrease of 12.69% from the previous week’s result. It should be noted, however, that the Model 3 line has been shut down during the last days of February to make way for an update to the electric sedan’s production line.
While Tesla China doesn’t report its weekly sales in the domestic market, the company’s vehicle insurance registration paints a pretty good picture of the performance of the electric vehicle maker’s offerings in the local market. With this in mind, Tesla China’s 13,266 insurance registrations for the week ended March 5 is impressive.
Tesla China has shown fair results this year so far. In January, data released by the China Passenger Car Association (CPCA) revealed that Tesla China sold 66,051 vehicles made by the Shanghai Gigafactory during the month. This is apart from the Lunar New Year holiday, which starts on January 22, 2023.
Tesla’s numbers for February weren’t bad either. Despite the short month and the Model 3 line closed for upgrades, CPCA still noted that Tesla China saw wholesale sales of 74,402 vehicles in February. Industry watchers also estimate that from January to February, Tesla China has sold 140,453 Giga vehicles made in Shanghai.
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