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…
In March, as much of Europe went into lockdown, car sales on the continent fell by more than half. But registrations of battery-powered cars surged 23 percent, according to Matthias Schmidt, an analyst in Berlin who tracks the industry.
In April, lockdowns caught up with electric cars, too, and their sales fell 31 percent, according to Mr. Schmidt’s estimate. But that was nothing compared with the total European car market, which plummeted 80 percent.
But here’s what has a good chance of happening.
Carmakers may not be as motivated to sell electric cars in coming months. They will be tempted to instead push S.U.V.s, which generate far greater profits and are easier to sell now that fuel prices have plunged.
Much will depend on government incentives and regulations. Europe and China are doing more to promote electric cars than the United States under the Trump administration.
Some possible good news for startups.
Turmoil in the market could be good for electric car start-ups like Byton and Lucid, which have proliferated after Tesla showed it was possible to challenge the traditional carmakers. The start-ups have a chance to attack the market while the established companies are struggling.
“We are seeing strong demand from Tesla” beyond the Nevada plant’s current capacity of 35 gigawatt hours per year, Panasonic Chief Financial Officer Hirokazu Umeda told an earnings briefing on Monday. “We are in discussions right now” about expanding the plant’s capacity, he said.
Tesla said it would continue to expand its electric vehicle recharging network in China by an additional 4,000 Supercharging sites by the end of the year, as it looks to strengthen its position in the world’s largest electric vehicle market.
The US electric vehicle manufacturer began production at a new plant in Shanghai at the end of last year, allowing it to cut the price of its now locally made Model 3.
On May 13, during an annual investors conference, CATL announced that it will supply lithium iron phosphate (LFP) batteries to Tesla’s Shanghai Gigafactory. This is the first tie CATL discloses in public any partnership with Tesla. CATL Chairman Cheung Yu-chin also said that cooperation with Tesla is not limited to its China operations.