Tesla keeps China’s EV competitors at bay with a threefold jump in deliveries of its cut-price Model Y

Name: Vehicle number 10,000 rolls off the assembly line for Chinese electric carmaker XPeng
Uploaded: 2021-03-09T10:00:19.000Z
Duration: 47 s
Description: Vehicle number 10,000 rolls off the assembly line for Chinese electric carmaker XPeng

The American electric car giant delivered 4,630 Model Ys in February, compared to 1,641 in January

The three main Chinese Tesla challengers saw sharp declines as the cut-price Model Y dented demand for their cars

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Daniel Ren

Published: 6:00pm, 9 Mar 2021Updated: 3:32am, 10 Mar 2021

Tesla bucked a downward turn in China’s new-energy vehicle market last month with a threefold sales increase in its Shanghai-made Model Y sport-utility vehicle (SUV).

The American electric carmaker delivered 4,630 Model Ys in February, compared to 1,641 in January, according to data compiled by the China Passenger Car Association. It had slashed the original price of a pre-ordered Model Y by 30 per cent at the start of the year.

Sales of Model 3 cars built in Tesla’s Shanghai’s Gigafactory 3 stayed roughly flat, at 13,688 units.

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Vehicle number 10,000 rolls off the assembly line for Chinese electric carmaker XPeng

“February sales figures proved that Tesla’s Model Y has become a threat to the Chinese rivals, particularly after a heavy price reduction,” said Gao Shen, an independent analyst in Shanghai.

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