AUSTIN, Texas — Tesla's China business just delivered its strongest month of the year. Wholesale volume from Giga Shanghai reached 89,091 vehicles in June, up 24.43% from a year earlier, according to data released by the China Passenger Car Association. It was the eighth consecutive month of year-over-year growth and the best single month of 2026 so far, a sharp reversal from the declines that dogged the same stretch of 2025.
The June figure edged past May's 85,982 units by 3.62%, extending a steady climb that has quietly rebuilt Tesla's momentum in the world's most competitive electric-vehicle market. Wholesale volume counts everything leaving the Shanghai plant, both cars retailed in China and exports to other markets, making it a broad read on Giga Shanghai's output.
A Quarter And A Half-Year To Build On
The strength was not confined to a single month. In the second quarter, Tesla China's wholesale volume totaled 254,551 units, a 32.77% jump from a year earlier. Across the first half of 2026, cumulative wholesale volume reached 467,949 vehicles, up 28.39% year over year. That trajectory dovetails with Tesla's blowout global quarter, when the company delivered a record 480,126 vehicles worldwide in Q2, ending a two-year slump.
Part of the recovery traces to a financing push. In May, Tesla rolled out an "Easy Loan" program aimed at budget-conscious Chinese buyers, lowering the barrier to purchase on popular configurations. For the rear-wheel-drive Model 3, which starts at 235,500 yuan, the five-year plan requires a minimum down payment of just 55,900 yuan, a structure designed to convert interest into orders in a price-sensitive market.
