The numbers have been crunched, and the results are in. Industry watchers in China have revealed a startling statistic that has sent shockwaves through the world of electric vehicles. According to their estimates, Tesla China saw a staggering 5,913 insurance registrations during the week of February 13-19, 2023, a time when the company is supposedly still focusing on exporting its vehicles. But what does this mean for the future of the company? Has Tesla China secretly shifted its focus to domestic sales?
So, Industry watchers in China have released their estimates for the week of February 13-19, 2023. The estimates suggest that Tesla China saw 5,913 insurance registrations during the week, a time when the electric vehicle maker is still focusing on exporting its vehicles.
Also watch my previous coverage on Tesla vehicle demand apparently picking up in China.
Tesla Gigafactory Shanghai is the primary vehicle export hub for the company, and as a result, Tesla China directs its resources towards exports in the first half of each quarter before turning towards the domestic market in the latter half. Recent drone flyovers at the Shanghai port indicate that during the period of February 13-19, Tesla China appeared to maintain its focus primarily on exports. This aligns with the company's typical operational strategy, prioritizing the international market before turning towards the domestic one.
Armen Hareyan is the founder and the Editor in Chief of Torque News. He founded TorqueNews.com in 2010, which since then has been publishing expert news and analysis about the automotive industry. He can be reached at Torque News Twitter, Facebok, Linkedin and Youtube.