Sales of Tesla Motors electric vehicles produced in China rose for a fourth straight month in February, helped by a low base from last year despite seasonal headwinds.
Tesla stock up 4% in Wednesday trading.
Deliveries of Tesla Model 3 and Model Y built at the company’s Tesla Shanghai Gigafactory, including exports to markets such as Europe, totaled 58,600 vehicles in February. That marked a 91% increase from a year earlier, following a 9.3% rise in January, according to Tesla China.
However, sales were down 15.2% from January.
Tesla’s (TSLA) China-made EV deliveries in February 2025 were affected by a partial assembly-line shutdown at the Shanghai plant for the refreshed Model Y during the Lunar New Year holiday period.
Among local rivals, BYD (BYDDF) (BYDDY) reported February sales of 190,190 vehicles, down 41% year over year. XPeng (XPEV) deliveries declined 49.9%, while Geely Automobile (GELYF) (GELHY) posted a 1% increase to 206,160 vehicles.
Meanwhile, NIO (NIO) delivered 20,797 vehicles in February, marking a 57.6% increase from a year earlier.
