Tesla ended the first half of the year with strong momentum in China, where factory output remains high and local incentives continue to attract cost-conscious buyers.
According to a report from CnEVPost citing China Passenger Car Association (CPCA) data, Tesla China’s wholesale volume reached 89,091 vehicles in June. That total is up 24.43% year over year and represents the eighth consecutive month of growth. The figure includes both domestic sales and exports from Gigafactory Shanghai. June edged out May’s 85,982 units by 3.62%, making it the strongest month of 2026 so far.

A standout quarter globally
June’s strength capped a record-setting quarter. In the second quarter, Tesla China’s wholesale volume totaled 254,551 units, a 32.77% increase from a year earlier. This local performance contributed meaningfully to global results: for Q2 overall, Tesla delivered 480,126 vehicles worldwide. The Model Y was the world’s best-selling EV in May, and that momentum appeared to carry into June across key markets.
While the CPCA’s split between local retail and exports for June is expected soon, recent months point to a balanced mix. In May, domestic retail sales reached 47,281 units, while exports from Gigafactory Shanghai surged 67.73% to 38,701 vehicles. Product mix has also helped sustain demand. The six-seat, long-wheelbase Model Y L has been a significant contributor to Chinese sales since launch, and it began rolling out to the U.S. last week.
Competing in an intense premium price war
June’s record came amid increasingly fierce competition. Mainstream brands such as BYD, Nio, and Xpeng posted strong summer results, and newcomer Leapmotor set an all-time monthly record with 93,376 deliveries. At the premium end, Li Auto and Huawei-backed HIMA recorded year-over-year declines as pricing pressure intensified.
To remain competitive, Tesla introduced an "Easy Loan" financing promotion in China in May to lower the entry cost. The offer reduces the minimum down payment for an entry-level Model 3 RWD, which starts at 235,500 yuan (~$34,500), to 55,900 yuan (~$8,200). This move helped keep pace with rivals such as BYD, which recorded 403,472 wholesale units in June.















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