Tesla’s China-made EV sales rose 2.4% in May from April – CPCA
Timilehin Adejumobi
1 min read
U.S. automaker Tesla Inc (TSLA.O) delivered 77,695 China-made electric vehicles (EVs) in May, a 2.4% jump from April, data from the China Passenger Car Association (CPCA) showed on Monday.
On a yearly basis, sales rose 142% in May from 32,165 vehicles in the same month of 2022 when Shanghai, where its factory is located, was still subject to COVID-19 containment measures that impacted production.
Chinese rival BYD Co Ltd (002594.SZ), with its Dynasty and Ocean series of EVs and petrol-electric hybrid vehicles, logged sales of 239,092 vehicle in May, up 14% from April, CPCA data showed.
CPCA is scheduled to release more detailed car sales figures for May later this month.
Tesla has been under intense focus in China in recent weeks, amid an unannounced, high-stakes visit from boss Elon Musk.
This report’s information was first seen on REUTERS; to read more, click this link.
