Tesla China Sees Drop in Sales Amid New Model Y Transition and Industry Developments
Tesla China reported a dramatic decline in wholesale vehicle sales in February 2025, selling 30,688 units amidst a transition to the new Model Y. BYD’s executive VP is advocating for collaboration with Tesla to combat internal combustion engines. Additionally, Hyundai announced plans to enhance EV production in Europe with a new plant in Türkiye, while Tesla faced a reported arson incident at its Supercharger stations in Massachusetts.
Tesla China has experienced a significant drop in wholesale figures for February 2025, selling only 30,688 units, which represents a 51.47% decrease from January’s sales of 63,238 units and a 49.16% decline compared to February 2024’s total of 60,365 units. This downturn coincided with the transition to the new Model Y, as Tesla likely cleared out inventory of the previous Model Y classic units in anticipation of the new model launch.
The new Model Y was introduced to the market on January 10, 2025, with the first deliveries occurring on February 26, 2025. The revamped vehicle features enhancements, including an aggressive new exterior design and improvements to ride quality, which aim to address prior customer complaints about the classic version’s interior. In total, Tesla’s combined sales for January and February 2025 amount to 93,926 units, reflecting a 28.74% decrease from the 131,812 units sold during the same period in 2024.
In a related industry trend, BYD’s executive vice president, Stella Li, expressed a willingness to collaborate with Tesla in the fight against internal combustion engine vehicles. Li stated, “Our common enemy is the internal combustion engine car. We need to work together… to make the industry change.” This cooperative spirit underscores the competitive landscape between these major electric vehicle manufacturers as they aim to shape the market.
Li further emphasized the strength of the Chinese electric vehicle market, indicating that consumers still prefer EVs due to their superior quality and intelligence. Additionally, she remarked that BYD recently launched its “God’s Eye” self-driving system for various models free of charge, paralleling Tesla’s advancements in autonomous driving technology, which has received favorable reviews from users in China.
In a separate initiative, Hyundai seeks to enhance its electric vehicle sales in Europe by establishing a new plant in Türkiye. This facility aims to bolster production capacity while also helping Hyundai meet its commitment to achieving 100% zero-emission vehicle sales in the European market by 2035. The Izmit plant will manufacture electric models alongside traditional vehicles and supports production efforts in conjunction with Hyundai’s Czech Republic facility.
In another development, multiple Tesla Superchargers in Massachusetts were reportedly set on fire in an incident classified as arson. The Littleton Police Department is investigating these fires, which occurred at the Supercharger station in The Point Shopping Center, and reported that several charging stations were engulfed in flames. Investigators are seeking information from the public as the incident falls under the Arson Watch Reward Program, which offers rewards for tips leading to arrests.
In summary, Tesla China faces significant challenges as wholesale figures decline during the transition to the new Model Y, reflecting similar patterns in the electric vehicle market with BYD’s call for collaboration against traditional combustion vehicles. Additionally, Hyundai’s strategic expansion into EV production in Türkiye indicates ongoing investment in electric technologies. The recent arson targeting Tesla Supercharger stations further complicates the landscape for electric vehicle infrastructure.
Original Source: www.teslarati.com
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