Recent data from China suggest Tesla (NASDAQ:TSLA) may be navigating the early-year slowdown in the country’s electric vehicle market better than many of its peers. Preliminary figures from the China Passenger Car Association show Tesla shipped 69,129 vehicles from its Shanghai factory in January, representing a 9% increase from a year earlier and marking a third consecutive month of rising wholesale volumes.
This performance stands out in a market where overall EV and hybrid wholesale volumes were largely flat, rising just 1% to around 900,000 units.Recent data from China suggest Tesla (NASDAQ:TSLA) may be navigating the early-year slowdown in the country’s electric vehicle market better than many of its peers. Preliminary figures from the China Passenger Car Association show Tesla shipped 69,129 vehicles from its Shanghai factory in January, representing a 9% increase from a year earlier and marking a third consecutive month of rising wholesale volumes. This performance stands out in a market where overall EV and hybrid wholesale volumes were largely flat, rising just 1% to around 900,000 units.