- This marks Tesla China’s eighth consecutive month of year-on-year sales decline.
- In the first five months of the year, Tesla China sold 292,875 vehicles, down 17.64 percent year-on-year.
Tesla (NASDAQ: TSLA) sales of China-made vehicles continued to falter, extending the decline to the eighth month.
Tesla China sold 61,662 vehicles in May, including those sold in China and exported from China to overseas markets, according to data released today by the China Passenger Car Association (CPCA).
This represents a 15.03 percent decrease from the 72,573 vehicles sold in the same period last year, despite a 5.48 percent increase from the 58,459 vehicles sold in April.
This marks the eighth consecutive month of year-on-year declines in Tesla China’s sales since October 2024, according to data compiled by CnEVPost.
In the first five months of the year, Tesla China sold 292,875 vehicles, including exports. This represents a 17.64 percent decrease from the 355,616 units sold in the same period last year.
Tesla operates a factory in Shanghai that produces the Model 3 sedan and Model Y crossover, delivering vehicles to domestic customers and serving as an export hub.
Tesla’s May delivery figures in China and export numbers from its Shanghai factory are currently unavailable.
Notably, with Xiaomi (HKG: 1810, OTCMKTS: XIACY) set to launch its YU7 electric SUV next month, Tesla’s hot-selling Model Y could face increased competition, adding pressure to its market position in China.
The YU7 made its debut on May 22, with Xiaomi stating that the SUV’s official launch will take place in July.
Xiaomi’s first model, the SU7 electric sedan, is a competitor to Tesla’s Model 3 and has achieved significant success.
The SU7 series delivered over 28,000 units in May, marking the eighth consecutive month with monthly deliveries exceeding 20,000 units, according to Xiaomi’s EV unit, Xiaomi EV, earlier this month.
In addition to Xiaomi EV, other major Chinese EV makers mostly saw year-on-year growth in deliveries in May.
Nio Inc (NYSE: NIO) delivered 23,231 vehicles in May, up 13.08 percent from 20,544 in the same period last year, though down 2.80 percent from 23,900 in April.
Xpeng (NYSE: XPEV) delivered 33,525 vehicles in May, marking the seventh consecutive month with deliveries exceeding 30,000 units. This represents a 230.43 percent increase from the 10,146 vehicles delivered in the same period last year, though it is a 4.34 percent decrease from the 35,045 vehicles delivered in April.
Li Auto (NASDAQ: LI) delivered 40,856 vehicles in May, a 16.66 percent increase from the 35,020 vehicles delivered in the same period last year, and a 20.38 percent increase from the 33,939 vehicles delivered in April.
BYD (HKG: 1211, OTCMKTS: BYDDY) reported wholesale sales of 382,476 new energy vehicles (NEVs) in May, up 15.27 percent year-on-year and up 0.63 percent from April.
Its passenger NEVs sold 376,930 units in May, up 14.05 percent year-on-year and up 1.16 percent from April.
“In China, we see intense competition and Tesla is no longer seen as the technology leader.”
