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Tesla’s China-Made Autos Suffer a Sales Slowdown

The American EV giant offloaded more than 52,000 of its Shanghai-produced Model 3 and Model Y marques in November, which was slightly down from October


Tesla China-made autos sales fall
A Tesla electric vehicle is seen in Manhattan, New York, USA. Photo: Reuters

 

US electric vehicle firm Tesla saw a short drop in sales of its China-made autos last month but an even bigger fall in the number of models it exported from its Shanghai production line.

The American company sold 52,859 China-made vehicles in November, including 21,127 for export, the China Passenger Car Association (CPCA) said on Wednesday.

But Tesla, which is making Model 3 sedans and Model Y sport-utility vehicles in Shanghai, sold 54,391 China-made vehicles in October, including 40,666 that were exported.

Elsewhere, Chinese EV makers Nio sold 10,878 cars last month, a monthly record high, and Xpeng delivered 15,613 vehicles. Volkswagen AG said it sold over 14,000 ID series EVs in China in November.

The CPCA said passenger car sales in November in China totalled 1.85 million, down 12.5% from a year earlier.

 

  • Reuters with additional editing by Sean O’Meara

 

 

Read more:

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Sean O'Meara

Sean O'Meara is an Editor at Asia Financial. He has been a newspaper man for more than 30 years, working at local, regional and national titles in the UK as a writer, sub-editor, page designer and print editor. A football, cricket and rugby fan, he has a particular interest in sports finance.

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