Tesla Motors (TSLA.US) reported a fourth consecutive monthly increase in sales of its China-made electric vehicles in February, exceeding market expectations. The low sales base from the same period last year effectively offset the adverse impact of seasonal factors. Data showed that deliveries of Model 3 and Model Y vehicles produced at Tesla’s Shanghai Gigafactory, including exports to markets such as Europe, totaled 58,600 units in February, representing a significant 91% year-over-year increase, compared with a 9.3% rise in January. However, February sales fell 15.2% compared to January this year. Additionally, according to data released by the China Association of Automobile Manufacturers, the Shanghai plant exported approximately 20,000 electric vehicles last month, surging about 4.2 times compared to the same period last year. Due to the suspension of some production lines for the new Model Y during the Lunar New Year holiday, the U.S. automaker’s planned deliveries of China-made electric vehicles in February 2025 were affected. Furthermore, due to the shifting date of the Lunar New Year, sales in the first two months of each year often experience significant fluctuations. To strengthen its position in the highly competitive market, Tesla introduced a significant seven-year low-interest financing plan. This move, described as a "blockbuster," forced competitors such as BYD to follow suit in China, the world's largest auto market. As government subsidies gradually phase out, market competition has intensified, creating an increasingly tense situation. Meanwhile, competitor Geely Auto reported a 1% sales increase to 206,160 units. During the same period, NIO (NIO.US) delivered 20,797 vehicles in February, up 57.6% year-over-year.