Data released Monday showed that sales of the Tesla Model 3 minivan in China fell as much as 64 percent in April, despite the electric car industry’s recovery.
The China Passenger Car Association (CPCA) said that Tesla sold 3,635 Model 3 vehicles in China in April, significantly lower than the 10,160 sold in March.
By comparison, China’s electric vehicle market sales rose 9.8 percent year-over-year in April, the CPCA report said, adding that demand for electric vehicles is also picking up in the wake of the epidemic.
During an earnings call on April 29, CEO Elon Musk said the Chinese-made Model 3 “will come down in price.” “We are making great strides in reducing production costs in China and we are also very happy to announce here that the Model 3 Standard Renewal will be priced down tomorrow in the Chinese market,” he said, adding that the price will be below the subsidy limit and we believe the car will bring good profits. “
Also, the CPCA report mentions that in the first four months of this year, Tesla’s Model 3 sales in China totaled 19705 units.
