Tesla's China-made EV sales fall to lowest since August 2022

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BEIJING: Tesla's sales of its China-made electric vehicles dropped 49.2 per cent in February from a year earlier to 30,688 cars, the lowest since August 2022, as the US automaker faces pressure from Chinese rivals in a relentless smart EV price war.

Tesla also exports its China-made EVs to markets including Europe, where sales plunged 45 per cent in January.

BYD deepened a three-year-old price war in the world's largest auto market last month with the launch of smart EVs - EVs equipped with advanced driving-assistance systems - starting at below US$10,000.

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Article Details

Category: EconomyBusiness

Markets: SingaporeChina

Topics: Sales Year February Smart Vehicles Last China Model Chinese Tesla Cent

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-04 @ 19:50:00 (7 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 459 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 26 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 26662442

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