{"id":1895707,"date":"2023-01-12T00:27:44","date_gmt":"2023-01-12T05:27:44","guid":{"rendered":"https:\/\/wordpress-1016567-4521551.cloudwaysapps.com\/plato-data\/tesla-model-y-dominated-chinas-premium-suv-segment-in-2022\/"},"modified":"2023-01-12T00:27:44","modified_gmt":"2023-01-12T05:27:44","slug":"tesla-model-y-dominated-chinas-premium-suv-segment-in-2022","status":"publish","type":"station","link":"https:\/\/platodata.io\/plato-data\/tesla-model-y-dominated-chinas-premium-suv-segment-in-2022\/","title":{"rendered":"Tesla Model Y dominated China\u2019s premium SUV segment in 2022"},"content":{"rendered":"
\n
\n
\n
\n
\n
\n
<\/div>\n

<\/p>\n

\n
\n
By<\/span> Maria Merano<\/a><\/span> <\/i><\/a><\/span> <\/div>\n

<\/p>\n

Posted on<\/span> January 11, 2023<\/span> <\/div>\n

<\/div>\n

<\/div>\n

<\/div>\n

<\/div>\n

<\/header>\n

<\/p>\n

The Tesla Model Y completely dominated China\u2019s premium SUV segment in 2022. Based on figures released by the China Passenger Car Association (CPCA), the Model Y ended 2022 selling twice as many units as the country\u2019s second-best-selling premium SUV. <\/span><\/p>\n

Overall, Tesla China was able to sell 315,314 Model Y crossovers domestically in 2022. This allowed the vehicle to dominate the premium SUV segment, which involves SUVs with a starting price above RMB 300,000 ($44,310). The Mercedes-Benz GLC, China\u2019s second-best-selling premium SUV, sold 148,797 units over the year. <\/span><\/p>\n

<\/ins><\/div>\n

Completing China\u2019s rankings for its premium SUV segment<\/a> are the Audi Q5, which sold a total of 145,778 units, and the BMW X3, which posted sales of 140,991 for 2022. The Li Auto Li ONE took its spot as China\u2019s fifth-best-selling premium SUV, though its sales were notably lower at just 78,791 units. <\/span><\/p>\n

After a challenging December, Tesla China has adopted a very aggressive strategy<\/a> to push sales of the domestically produced Model 3 sedan and Model Y crossover. These include substantial price cuts<\/a> to the Model 3 and Model Y, with the latter now starting at just RMB 259,900 (about $37,800). This positions the Model Y well against competitors in the market, even beyond the premium SUV segment. <\/span><\/p>\n

Tesla VP Grace Tao noted in an interview with local Chinese media<\/a> that the recent price cuts for the Model Y and Model 3 were not really done as a response to rising competition. Despite this, the Model Y\u2019s pricing does put it in direct competition with vehicles from rival companies like BYD. And as per a recent report from state-affiliated news outlet <\/span>Yicai<\/span><\/em><\/a>, Tesla\u2019s new pricing strategies are affecting some customers who are otherwise considering an EV from other companies. <\/span><\/p>\n

Citing a BYD salesperson, the state-owned media news outlet reported that following Tesla\u2019s price cuts, \u201cmany reservation users have come to cancel their orders and transfer to Tesla<\/a>.\u201d These cancellations reportedly involved reservations for vehicles like the BYD Seal and BYD Han, which are competitors to the Tesla Model 3 sedan. <\/span><\/p>\n

The Teslarati team would appreciate hearing from you. If you have any tips, contact me at <\/span><\/em>maria@teslarati.com<\/span><\/em><\/a> or via Twitter <\/span><\/em>@Writer_01001101<\/span><\/em><\/a>.<\/span><\/p>\n

Tesla Model Y dominated China\u2019s premium SUV segment in 2022<\/span> <\/p>\n

\n
<\/div>\n

<\/div>\n

<\/p>\n

<\/ins> <\/div>\n

<!– <\/p>\n

View Comments<\/span> <\/div>\n

–> <\/p><\/div>\n

<\/div>\n

<\/div>\n

<\/p>\n