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Tesla made over $2 billion in China in 2017


Unlike most foreign automakers in China, Tesla has yet to establish local production and still solely relies on exporting its vehicles from California to the largest auto market in the world.

SEE ALSO : How Tesla reached $1 bn sales in China

Nonetheless, Tesla managed to double its sales in China last year as it is significantly expanding its presence in the country.

Tesla was off to a tough start in China in 2014 and 2015, but things started to improve for them in the country in 2016 when they managed to triple their sales to over $1 billion during the year.

The automaker wasn’t able to maintain the insane growth rate in 2017, but the company confirmed today that it still managed to double sales in China to over $2 billion in 2017.

They don’t confirm the number of cars sold per market, but it has to represent over 20,000 vehicles based on their average sale price.

SEE ALSO : Volvo’s XC60 makes China debut on Tmall

Sales were helped in 2017 by China’s surprising demand for Tesla’s Model X. The vehicle has been extremely popular in the country. For example, look at the number of Model X SUVs at this Tesla owners meet-up in Shenzhen, China last month (images by Dennis Chang):

(Source: Electrek)

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