Tesla China Launches Oil-for-Electricity Campaign
A Tesla China representative has said that “the recent series of new energy policies has promoted more customers to the stores. Many consumers just got the license plate number this year.” Sources said that Tesla now provides gifts for replacing fossil fuel-based vehicles with electric models, according to a Sunday report by Shanghai Securities News.
Tesla China announced that new car orders dated from July 1 to December 31, 2022 (inclusive) and replacement agreements signed prior to delivery will receive replacement benefits such as a 90-day free trial of the enhanced auto-assisted driving feature, 14-day commuter protection after replacement, an extra-long warranty valid for 14 days, and a free home evaluation by an official partner expert.
Regarding capacity and delivery cycle, Tesla China said that the capacity utilization rate of Tesla’s Shanghai Gigafactory is now back to 100%, ensuring a reasonable delivery cycle for the growing orders.
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According to the official website of Tesla China, for the rear-wheel drive version of the Tesla Model 3, the delivery period is shortened from the original 20-24 weeks to 16-20 weeks, while for the high performance Model 3, the delivery period is 12-16 weeks. The rear-wheel drive version of the Model Y has a delivery period of 10-14 weeks, making it the fastest model in the entire Tesla lineup.
According to automobile sales data released on June 9 by the China Passenger Car Association, Tesla’s wholesale quantity in May totaled 32,165 units, of which 22,340 were exported, and the pace of resuming work and production accelerated. From January to May 2022, Tesla’s cumulative deliveries were 215,851 units, an increase of more than 50% year-on-year.
China is vigorously promoting the development of new energy vehicles, and governments across the country have launched similar subsidies and policies. Recently, Beijing has released a program to encourage auto replacement consumption. The new program gives a subsidy of up to 10,000 yuan/unit ($1,495) for the replacement of new energy vehicles to optimize Beijing’s auto structure and promote auto consumption growth.