Tesla’s New Model Y Dominates Electric SUV Market in China
Tesla’s new Model Y has led to a significant increase in vehicle sales and registrations in China, dominating the premium electric SUV market. Despite a decline in February’s sales, the vehicle’s strong performance in March has positioned it ahead of its closest competition, the Zeekr 7X.
Tesla’s new Model Y has launched in China, significantly increasing Tesla’s vehicle registrations. Sales recovered following the commencement of the Model Y deliveries, positioning it as the leading premium electric SUV during the March 10-16, 2025 period. The sales figures are so immense that it requires a telescope to view its nearest rival, the Zeekr 7X.
While February posed challenges with 30,688 vehicles sold, marking a 51.47% decrease from January, these figures were impacted by the late February delivery of the new Model Y. During most of February, Tesla focused on clearing inventory of its classic Model Y version, thereby limiting new sales potential. However, March is expected to showcase a clear recovery.
As Tesla started local deliveries of the new Model Y, registrations surged with 15,300 new vehicles recorded in the week of March 10-16. Sales during this period reached 9,451 units for the Model Y, establishing its dominance in the premium electric SUV segment, far outpacing the Zeekr 7X’s 1,390 units sold, which amounts to only 14% of Model Y sales.
Although Tesla may experience a year-over-year decline in first quarter deliveries due to late local deliveries of the new Model Y, more robust insights into its influence will unfold in subsequent quarters. This trajectory signals a positive outlook for Tesla’s sales performance as the new Model Y continues its rollout.
In summary, the launch of the new Model Y in China has led to a remarkable increase in vehicle registrations and sales for Tesla. The contrast between the new Model Y’s performance and that of its closest competitor, the Zeekr 7X, highlights Tesla’s strong position in the market. Despite previous challenges in February, the company is poised for recovery as it continues to dominate the premium electric SUV market.
Original Source: www.teslarati.com
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