Tesla’s Gigafactory Shanghai has posted robust wholesale figures for February, demonstrating substantial year-over-year growth. The facility, a key production and export hub for the electric vehicle manufacturer, delivered 58,599 vehicles during the month.
Strong Year-Over-Year Performance
This February total marks a significant increase of 91% compared to the 30,688 vehicles recorded in February of the previous year. This performance underscores the factory’s expanding production capacity and market reach.
However, on a month-over-month basis, the figures show a decrease of 15.2% from January, when Tesla China recorded 69,129 wholesale units. The monthly fluctuations are common in the automotive industry due to various market factors and production schedules.
The sales data was disseminated by Tesla observers on the social media platform X, referencing official monthly figures from the China Passenger Car Association (CPCA).
Gigafactory Shanghai’s Dual Role
The February wholesale numbers encompass both domestic deliveries within China and vehicles exported to international markets. The Gigafactory Shanghai exclusively produces the popular Model 3 and Model Y vehicles for these dual purposes.
Gigafactory Shanghai continues to be Tesla’s primary export hub, supplying vehicles to a wide range of markets across Asia and Europe. Data analysis by Tesla followers indicates that out of the total wholesale units, 18,485 vehicles were sold domestically in January 2026, while exports accounted for a substantial 50,644 units during the same month.
Strategies to Boost Domestic Demand
In an effort to bolster sales within the crucial Chinese market, Tesla has been actively extending attractive financing programs. The company recently announced an extension of its seven-year ultra-low-interest and five-year interest-free financing options through March 31.
This marks the second extension of this promotion within the current year. The initiative was initially introduced on January 6, 2026, as a strategic move to mitigate the impact of higher ownership costs, especially in anticipation of China’s planned 5% New Energy Vehicle (NEV) purchase tax in 2026. The promotion was originally slated to conclude at the end of January but has since been extended twice.
Navigating a Competitive EV Landscape
Tesla’s efforts to maintain and grow its market share in China occur amidst intensifying competition within the nation’s burgeoning electric vehicle (EV) sector. Data compiled by CNEV Post reveals that Tesla’s retail sales in China for the full year 2025 reached 625,698 vehicles, reflecting a 4.78% year-over-year decline.
A portion of this sales dip in 2025 was attributed to the transition to an updated variant of the Model Y. This model changeover temporarily impacted delivery volumes during the production and logistical adjustments required for the new version.
The Gigafactory Shanghai’s performance remains critical for Tesla’s global strategy, balancing domestic demand with its role as a vital export manufacturing center. The factory’s output directly influences Tesla’s ability to meet targets in diverse international markets while navigating the dynamic Chinese EV landscape.