Tesla Model Y
Tinsae Aregay's picture

Tesla Model Y Becomes China’s Best Selling Vehicle Out Competing Both BEVs & ICE Vehicles

According to data released by China Passenger Car Association (CPCA), for the first time in the month of June, the Model Y has become the best-selling vehicle in China. And even more impressively, the Model Y was able to beat not only battery-electric vehicles but also internal combustion vehicles with a starting price below $10,000.
Advertisement

Tesla first started selling electric vehicles in 2010, at the time, the first-generation Roadster was a big hit but was largely dismissed by skeptics as a toy for rich people. Most people saw the electric sports car as a product that will not compete with internal combustion vehicles in any meaningful way.

After that, Tesla started selling the Model S which was also a big hit, however, like the Roadster, the Model S was also regarded as a niche vehicle for the wealthy. Skeptics said the Model S is nice but Tesla can’t compete in the mass market.

Then Tesla released the Model 3 with a price point closer to the average new vehicle selling price in the US. You would think that will finally convince the naysayers however, now the argument changed to – the Model 3 is nice but, there is no way Tesla can produce it in numbers that will make a dent in ICE vehicle sales.

Related News: Schematics For Tesla’s Next Generation V4 Superchargers Leak Showing Taller & Thinner Stalls

After a lot of pain, Tesla finally scaled Model 3 production to a rate of several hundred thousand vehicles a year. This was surely the end of Tesla is not a mass-market producer argument, however, there was one last argument that could still be made.

And the last argument was, that the sedan market is a shrinking segment, no wonder Tesla was able to be successful in sedans however, Tesla won’t have a chance in the expanding crossover market.

And then came the Model Y. Currently Tesla is producing the Model Y in 4 factories on 4 continents. Tesla’s newest factory in Austin, Texas produces a refreshed version of the Model Y with 4680 cells and a structural battery pack.

However, Giga Texas is in its early days of ramping the refreshed Model Y and as of now doesn’t make up any meaningful portion of Model Y sales for Tesla.

Related News: Tesla's 50% Upside Over the Next 12 Months

Still, even before the breakthrough developments in the new battery chemistry and architecture come into play, the current Model Y has been taking market share from its ICE competitors.

And recently, according to sales numbers released by China Passenger Car Association (CPCA), in the Month of June, the Model Y has become the best-selling vehicle in China be it battery-electric or internal combustion.

In June, Tesla sold a total of 52,557 Model Y’s in China. Not only was this number enough to make the Model Y the best-selling SUV but, it also made it the best-selling electric vehicle and overall best-selling vehicle.

Related News: Elon Musk Responds To Sandy Munro’s Tear Down Of The 4680 Tesla Model Y With Structural Pack

What is even more impressive is that the Model Y beat vehicles in sales which have a starting price closer to $5,000.

This was an incredible performance on Tesla’s part and is yet another proof supporting Elon Musk’s prior statements predicting that the Model Y will be the best-selling vehicle in the world even when compared to internal combustion vehicles.

As of now, June is the first month that the Model Y has been able to top the best-selling vehicle list. However, we will be sure to keep you updated on the all-electric crossover’s future performance.

Until then, make sure to visit our site torquenews.com/Tesla regularly for the latest updates.

So what do you think? Excited to learn that Model Y has become the best-selling vehicle in China? Also, do you think, the Model Y can become the best-selling vehicle in the world? Let me know your thoughts in the comments below.

Image: Courtesy of Tesla, Inc.

For more information check out: Tesla's Surprising Lead in Europe

Tinsae Aregay has been following Tesla and The evolution of the EV space on a daily basis for several years. He covers everything about Tesla from the cars to Elon Musk, the energy business, and autonomy. Follow Tinsae on Twitter at @TinsaeAregay for daily Tesla news.


Subscribe to Torque News on YouTube.


Follow Torque News on YouTube, Twitter and Facebook.

Comments

Honesty is the best policy. That’s not what you expected, was it. It originated from Lady Mary Montgomerie Currie’s poem Tout vient a qui sait attendre. It’s time. But one key difference is that for a phrase to be truly aphoristic, it needs to be a short statement. It’s a great saying, but it’s not something you’d necessarily repeat over the dinner table. Another success aphorism comes from Chris Grosser. There is no try. Aphorism Examples in Everyday Speech Shifting gears a little, let’s talk about one of the world’s greatest aphorists – Benjamin Franklin. search bar with "what use aphorism." written From there, you can build your story around it. But one key difference is that for a phrase to be truly aphoristic, it needs to be a short statement. Take this proverb, for example. This quote originated from Thomas Howell in New Sonnets and Pretty Pamphlets. He played the villain in the movie that famously stated.