"The US automaker's sales rose 9.9% in November compared to the same month last year, according to data released by China's Passenger Car Association on Tuesday. That's a rare win for Tesla, which has had a difficult year in almost all of its biggest markets. The company has faced a sales collapse in Europe, been squeezed by intense competition in EV-friendly China, and is on track to see its overall sales decline for the second consecutive year."
"The Shenzhen-based EV giant, which has become one of China's largest carmakers thanks to a range of affordable and high-tech electric models, has had three straight months of sales declines. BYD said it sold just over 480,000 EVs and hybrids in November, its highest total this year, but still around 5.3% less than the same period in 2024. The Chinese automaker, which was once backed by Warren Buffett, has struggled in the face of a renewed price war in China's ultra-competitive EV market."
Tesla's China sales rose 9.9% in November year‑over‑year according to China's Passenger Car Association. Tesla has faced a sales collapse in Europe, intense competition in China, and is on track for an overall sales decline for a second consecutive year. BYD has experienced three straight months of sales declines but sold just over 480,000 EVs and hybrids in November, about 5.3% below the same month in 2024. BYD has struggled amid a renewed price war and regulatory crackdown on aggressive discounting, yet remains on course to become the world's largest battery EV seller and posted record overseas sales in November.
Read at Business Insider
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