U.S. automaker Tesla and its chief Chinese rival BYD achieved record deliveries of their China-made vehicles in the second-quarter, China Passenger Car Association (CPCA) data showed, as a fight for market share heats up.
achieved record deliveries of their China-made vehicles in the second-quarter, China Passenger Car Association data showed, as a fight for market share heats up.
The U.S. automaker sold 247,217 China-made cars over April-June, the most since it started delivering vehicles from Shanghai in early 2020, the data also showed. Tesla reported, with its Dynasty and Ocean series of EVs and petrol-electric hybrid vehicles, saw June sales surge 88.16% year-on-year to 251,685 vehicles, CPCA data showed. This was also the first time BYD's monthly sales surpassed 250,000 units.
The companies' sales surge point to how they are so far managing to stay ahead of their competition even as overall auto sales slow in China amid a softening economy.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tesla smashed it last quarter but China's BYD did even better | CNN BusinessBYD outpaced Tesla in the second quarter as the Chinese carmaker posted record sales of hybrid and electric vehicles.
Read more »
BYD launches its most direct Tesla competitor yetBYD's Denza brand revealed Monday its new N7 electric SUV comes with features and a price that rival Tesla's Model Y.
Read more »
Shares of Chinese Tesla rival Xpeng rocket 11% as EV deliveries return to growthXpeng said it delivered 23,205 cars in the second quarter of 2023, a 27% quarter-on-quarter rise, beating its own forecasts.
Read more »
Tesla Reduces Model S And X Prices In ChinaTesla has decided to apply discounts equivalent to roughly $5,000 to the Model S and X in China.
Read more »
XPeng G6 Releases In China As Budget Tesla Model Y AlternativeXPeng has launched a new crossover starting at the equivalent of under $29,000. in China, dubbed the G6.
Read more »
Morning Bid: Tesla delivers surprise, China goes slowA look at the day ahead in European and global markets from Wayne Cole.
Read more »