Image: Tesla
Tesla has reported a massive 91% year-over-year increase in February sales for its China-made vehicles, delivering 58,599 units from Gigafactory Shanghai. This strong performance stands in sharp contrast to the overall Chinese auto market, which saw a significant decline last month.
The figures, which include both domestic sales in China and exports to international markets like Europe, mark the fourth consecutive month of year-over-year growth for the automaker. While the headline number is impressive, it is partly due to a lower comparison base from February 2025, when production was temporarily halted for factory upgrades.
Market Share Hits Two-Year High
Despite the broader market contraction, Tesla’s retail sales within China reached 38,206 vehicles, pushing its market share in the battery-electric vehicle (BEV) segment to 13.74%. This is the highest market share Tesla has held in China since April 2024. The Model Y remains the primary driver of this success, ranking as the best-selling passenger vehicle in the country for the month.
The results are particularly notable as competitors like BYD reported a sharp 41% decline in sales over the same period. Tesla’s ability to gain ground while the industry faces headwinds from reduced tax incentives and seasonal shifts suggests that its recent aggressive financing offers—including zero-interest and low-interest loans—are successfully drawing in buyers.
Gigafactory Shanghai as a Global Hub
Gigafactory Shanghai continues to serve as Tesla’s primary export hub, accounting for roughly 20,000 vehicles shipped overseas in February alone. This represents a fivefold increase in exports compared to the same time last year.
Since starting operations in 2019, the Shanghai plant has become Tesla’s most productive facility, now accounting for more than half of its total global deliveries.
