Tesla is dominating the electric vehicle market in China but next year, it is expected to face unprecedented challenges from its rivals.
This year, Tesla has sold approximately 120,000 vehicles in China, making the Asian nation the carmaker’s second-largest market behind the United States. As impressive as that figure is, some analysts believe Tesla’s Chinese sales will skyrocket next year but local EV makers should also experience sales increases.
The China Passenger Car Association speculates that Tesla could sell as many as 280,000 vehicles in the country next year, spurred on by the fact that the Model Y being built at Tesla’s Shanghai Gigafactory is clearing the final regulatory stages before sales of it commence next year. Elon Musk expects the Model Y to outsell the Model 3, Model S, and Model X combined.