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Tesla China: sales fall 11.9% as exports double
Tesla sold 381,088 vehicles to Chinese buyers between January and September 2026, down 11.9% year over year, according to CPCA data. Over the same period, Giga Shanghai's exports doubled to 361,972 units (+108%), now accounting for 49% of its wholesale volume. In the third quarter, retail sales in China fell 16%, with July down 33% from the previous year. China's new energy vehicle retail sales are down 12.8% this year, after Beijing halved the purchase tax exemption on January 1.…
- China sales: 381,088 units January–September, down 11.9% year over year.
- Giga Shanghai exports: 361,972 units, up 108%, 49% of wholesale volume.
- NEV export VAT rebate falls from 13% to 9% on April 1, 2027.
🔎 Why it matters: The reduction of the NEV export VAT rebate from 13% to 9% starting April 1, 2027 directly affects Giga Shanghai's export model, which already accounts for 49% of its wholesale volume.
📈 Upside: Giga Shanghai's exports (361,972 units, +108%) raised China-built wholesale volume 22.5% despite the decline in domestic sales.
📉 Risk: If domestic sales keep falling, the plant will depend more on exports that receive a smaller rebate from April 2027.
📰 Also covered by: Drive Tesla Canada
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