Affected by increasingly fierce market competition, Tesla's vehicle sales in China fell sharply in January. Data showed that Tesla sold a total of 63,238 electric vehicles in the Chinese market in January, a year-on-year decrease of 11.5% from 71,447 in January last year. Deliveries of its Model 3 and Model Y vehicles produced in China fell 32.6% month-on-month. Meanwhile, Chinese rival BYD sold 296,446 pure electric and plug-in hybrid vehicles in January, up 47% year-on-year. From Global Market Report |
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