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Tesla made over $2 billion in China in 2017

By Sarah ChenChina
1 min read
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In this article (4)

Unlike most foreign automakers in China, Tesla has yet to establish local production and still solely relies on exporting its vehicles from California to the largest auto market in the world.

Nonetheless, Tesla managed to double its sales in China last year as it is significantly expanding its presence in the country.

Tesla was off to a tough start in China in 2014 and 2015, but things started to improve for them in the country in 2016 when they managed to triple their sales to over $1 billion during the year.

The automaker wasn’t able to maintain the insane growth rate in 2017, but the company confirmed today that it still managed to double sales in China to over $2 billion in 2017.

They don’t confirm the number of cars sold per market, but it has to represent over 20,000 vehicles based on their average sale price.

Sales were helped in 2017 by China’s surprising demand for Tesla’s Model X. The vehicle has been extremely popular in the country. For example, look at the number of Model X SUVs at this Tesla owners meet-up in Shenzhen, China last month.

Questions & Answers

Q.

What is Tesla's strategy for vehicle production within China?

A.

Unlike most other foreign automakers, Tesla has not yet set up local production facilities in China. It currently relies entirely on exporting vehicles from its California factory to the Chinese market.

Q.

How much revenue did Tesla generate from sales in China during 2017?

A.

Tesla announced that it doubled its sales in China in 2017, reaching over $2 billion for the year. This follows significant growth in previous years.

Q.

Which Tesla model contributed significantly to sales in China in 2017?

A.

Sales in China during 2017 were boosted by a surprising demand for Tesla's Model X. This particular vehicle proved to be extremely popular within the country.

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