Tesla China weekly insurance registrations surge 145% amid strong June results

Tesla China saw 12,300 new vehicle insurance registrations in the week of July 7-13, marking a 145% increase from the prior week’s 5,010 registrations. The surge seems to be bolstered by strong domestic demand for Tesla’s two mainstream vehicles, the Model Y crossover and the Model 3 sedan.

The results follow Tesla’s solid June performance in China, where it sold over 71,000 vehicles wholesale and introduced minor upgrades to its long-range variants.

Model Y leads weekly registrations

Of the 12,300 vehicles registered for insurance last week, more than 9,400 were Model Y crossovers and over 2,800 were Model 3 sedans, as noted in a CNEV Post report. Both vehicles are built at Tesla’s Giga Shanghai, which serves as the electric vehicle maker’s primary vehicle export hub.

Tesla introduced minor upgrades to the long-range Model 3 and Model Y on July 1. The Model 3 received a slight price increase, while Model Y pricing remained unchanged. This suggested that the Model Y is seeing continued consumer interest in the domestic Chinese market.

June sales reflect stable domestic demand

According to data from the China Passenger Car Association (CPCA), Tesla delivered 71,599 vehicles in June. That’s a 0.83% year-over-year increase from June 2024 and a 16.12% jump from May. Of those, 61,484 units were sold locally, marking the second-highest domestic monthly total this year after March’s 74,127 units.

However, exports declined in June, with 10,115 vehicles shipped abroad, down 13.89% from the 11,746 vehicles exported a year ago and 56.16% from the 23,074 that were exported in May. The export dip suggests a stronger domestic focus last month, potentially driven by local promotions or strategic inventory shifts.

The post Tesla China weekly insurance registrations surge 145% amid strong June results appeared first on TESLARATI.

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