BEIJING (Reuters) -Tesla’s China-made electric vehicle sales edged up 0.8% in June from a year earlier to 71,599 units, snapping an eight-month losing streak, even as lower-cost new models from its Chinese rivals put growing pressure on the U.S. automaker. Deliveries of Model 3 and Model Y vehicles made in its Shanghai factory, including both […]
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Tesla’s June China-made EV sales see first rise in 9 months
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BEIJING (Reuters) -Tesla’s China-made electric vehicle sales edged up 0.8% in June from a year earlier to 71,599 units, snapping an eight-month losing streak, even as lower-cost new models from its Chinese rivals put growing pressure on the U.S. automaker.
Deliveries of Model 3 and Model Y vehicles made in its Shanghai factory, including both China sales and exports to Europe and other markets, were up 16.1% from May, data from the China Passenger Car Association showed on Wednesday.
Global car sales at BYD, the biggest Chinese rival to Tesla, increased 11% year-on-year to 377,628 units last month.
(Reporting by Qiaoyi Li, Zhang Yan and Brenda Goh, Editing by Louise Heavens)