Tesla and BYD lead the sales race in China

Sales of Chinese-made electric vehicles (EVs) by U.S. automaker Tesla rose 19.2 percent in September year-on-year, according to data released by the China Passenger Car Association (CPCA) on Wednesday.

Deliveries of Tesla Models 3 and Y, also manufactured in China, recorded an increase of 1.9% in September compared to the previous month, adds the same source.

The US EV giant has stepped up incentives to attract consumers in the world’s largest auto market, where Chinese rivals such as Xpeng and Nio are racing to introduce new models.

BYD, Tesla’s Chinese rival, had a successful September, with its passenger vehicle sales increasing 45.56% compared to the same month the previous year, reaching 417,603 units.

Read also|Electric: positional war between Tesla and BYD

Some 33,012 BYD cars, including its Dynasty and Ocean EV and plug-in hybrid ranges, were sold overseas, representing 7.9% of total sales, the Chinese company noted in a report.

At the end of September, Tesla extended zero-interest financing for certain Model 3 and Y models in China by one month until the end of October.

The EV maker, which is due to unveil its robotaxi this Thursday, also announced that it is set to launch advanced driver assistance software Full Self-Driving (FSD) in China and Europe next year , subject to approval by regulators.

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