According to the quarterly update released on Thursday by the California New Car Dealers Association, the Model 3 outsold the Honda Civic and Toyota Corolla in the state from the start of the year through March.
The Honda Civic is a longtime top-seller in California, as is the Corolla—and the Corolla is cumulatively the best-selling nameplate in the world.
At a total of 18,856 registrations for the quarter, according to the report, the Model 3 now also outsells the Toyota Camry and Honda Accord, in a sales tally that includes the separate Camry Hybrid and Accord Hybrid versions of each of those models.
Tesla Inc is seeking Chinese government approval to build model 3 vehicles in the country equipped with lithium iron phosphate (LFP) batteries, a document on the website of the Ministry of Industry and Information Technology showed.
Reuters exclusively reported in February that Tesla is in advanced talks to use LFP batteries from CATL that contain no cobalt – one of the most expensive metals in electric vehicle (EV) batteries – in cars made at its China plant…
Korean website thelec.kr previously reported that on May 13 CATL announced that it will supply lithium iron phosphate batteries to Shanghai Tesla Giga Factory from the second half of the year.
The figures for April, with a drop in sales of around two thirds compared to March 2019 despite local production increases, came unexpectedly after new Tesla records in the first quarter of 2020 . China appeared to be a safe bank for Tesla given the corona problems in the west. Production at the local Gigafactory increased to nearly 3,000 Model 3s per week by the end of March, which were also sold, and Tesla announced further increases. At the end of April, Tesla responded to a new price limit for electric car production in China, from which Model 3 would otherwise no longer have been affected, with a drop below the new value…
China was recently seen as a safe bank for Tesla in the midst of the ongoing coronavirus crisis in the west. Tesla has not been allowed to produce electric cars in the United States since the end of March, while the Gigafactory in Shanghai, Model 3, was built again in early February after a break of less than two weeks. Since then, Tesla’s production and sales in China have steadily increased , but figures for April have now been published that do not fit the positive picture: According to the industry association CPCA, Tesla only sold a good 3,600 Model 3s in April in China, two thirds less than the previous month. Production is said to have been a solid 11,000 electric cars…
This stable demand for EVs saw the Tesla Model 3 become the nation’s best-selling car in April with 658 examples sold. The second best-selling car was another EV, the Jaguar I-Pace with 367 units. It is understood the Model 3’s sales figures come largely as a result of the fulfillment of orders taken online prior to the lockdown.
The Tesla Model 3 has proven a runaway success in the EV market, topping the 2019 plug-in sales charts with more than 10,500 units sold.
According to the latest Department for Transport (DfT) statistics published today (Thursday 30th April) the Model 3 has a lead of almost 5,000 units over the second place model for 2019 – Mitsubishi’s Outlander PHEV.
China cut subsidies on electric vehicles by 10% this year, effective April 23, but there will be a three-month transition period.
After the adjustment, the starting price for the Shanghai-made Standard Range Model 3 sedans will rise to 303,550 yuan ($42,900) from 299,050 yuan, while Long Range Model 3 cars, which Tesla plans to roll out from June this year, will be priced at 344,050 yuan versus 339,050 yuan, a company website showed.
China has set a target for NEVs, which also include plug-in hybrids and hydrogen fuel cell vehicles, to account for a fifth of auto sales by 2025, compared with the current 5%, as it seeks to cut pollution and cultivate home-grown auto sector champions.
Looking forward, with a rebound in monthly EV sales around the corner for China, and Tesla facing the possibility of lengthy shutdowns and market challenges in North America and Europe, we expect CATL will capture the lead from LG Chem in the near-term.
Moreover, in terms of cell chemistry deployments, we expect that CATL’s impending resurgence, coupled with rising deployment of LG Chem -made NCM 811 cells in China-made Tesla Model 3s, will push the market share of NCM 811 higher still.