Posted 10/8/2023, 10:11:05 AM
Tesla China Sales Dip in September While Rivals Surge
- Tesla's China-made EV sales fell 10.9% year-on-year in September to 74,073 units
- Sales of China-made Model 3 and Model Y cars down 12% from August
- Chinese rival BYD saw passenger vehicle deliveries up 42.8% year-on-year in September
- Tesla and rivals bracing for consumer sentiment revival amid discounts and tax breaks
- Tesla missed Q3 global delivery estimates due to factory upgrades for new Model 3 version
- Tesla almost doubled China EV market share from July to August
- Tesla unveiled new Model 3 in China starting from 259,900 yuan in September
- Rival Xpeng launched revamped G9 SUV from 263,900 yuan in September
- Tesla faces EU probe into subsidies for China-made battery EVs
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