Hong Kong (CNN Business) After a miserable couple of months in ChinaTeslaPosted a sharp recovery in June sales in the most important international markets.
The world's second-largest economy has begun to relax Covid-related regulations after months of blockades in major cities, striving to increase car sales to support growth. It has increased rapidly.
According to a tentative estimate released by the China Passenger Vehicle Association (CPCA) on Wednesday, US electric car makers sold about 78,000 Shanghai-made vehicles last month, an increase of 142% from May. did. CPCA added that June sales were up 135% from a year ago. According to a statement earlier this week,
Tesla's Chinese car sales were strong earlier this year, placing automakers at number one among pure electric brands. In March, we delivered 65,814 vehicles from our Shanghai plant, most of which were sold in the Chinese market. That number has increased by 85% from a year ago.
Initial estimates by CPCA on Wednesday showed that passenger car sales in June were up 22% from a year ago, reversing the 17% decline in May.
Tesla is also accelerating production at its Shanghai plant. In a statement last week, the company said the problems Tesla faced in the first few months of the quarter are now almost behind.
"Despite ongoing supply chain challenges and factory closures beyond our control, June 2022 was the best vehicle production month in Tesla's history." It said.
Covid's lockdown has hit the economy and boosted the unemployment rate, so Chinese authorities are rushing to boost growth.
The Ministry of Commerce announced on Thursday that the government is considering extending the tax exemption for electric vehicles.
Beijing has exempted NEV buyers from paying a 10% purchase tax since September 2014. However, that policy will end atat the end of this year.
— CNN's Chris Isidore contributed to this report.