Tesla's year-to-date China registrations, which lagged earlier this year, turned positive in the third quarter and are now up about 7.7% compared to the same time frame in 2023.
Tesla China has been a strength for the EV giant in Q4 while the company has experienced generally weaker EV demand in the U.S. and Europe.
In separate China news, Tesla's Shanghai megapack factory has been completed after seven months and has begun trial production, according to state media. Mass production will start in early 2025. The plant will package batteries from CATL, BYD (BYDDF) and others for Tesla Energy's storage products.