September Sees a 10.9% YoY Decline in Tesla’s Sales Volume for China-made EVs

September Sees a 10.9% YoY Decline in Tesla’s Sales Volume for China-made EVs

CompaniesTesla‍ IncFollowBYD Co LtdFollowXpeng IncFollowBEIJING/SHANGHAI, Oct 8 (Reuters) – U.S. ​automaker Tesla (TSLA.O) sold 74,073 China-made electric vehicles (EVs) in September, a 10.9% decrease ⁢from a year earlier, showed data from ​the China Passenger Car Association (CPCA) on Sunday.Sales ‍of China-made Model 3 and Model Y ‍cars were down 12.0% from a month earlier.Chinese‌ rival BYD (002594.SZ), with its Dynasty and Ocean series of ⁢EVs and ​petrol-electric hybrid models, saw ⁢passenger ⁢vehicle deliveries⁤ grow 42.8% ‌to 286,903 last month, from‍ 200,973 in September last year.Tesla, along with its China challengers, ⁣is ⁢bracing for a ⁤revival ‍in ⁣consumer sentiment, buoyed by deeper discounts and tax breaks for green vehicles amid signs of the economy stabilising.The company ⁣missed market ⁢estimates for third-quarter global deliveries on Oct.​ 2 as planned upgrades‍ at its factories to roll out a newer ‍version of the Model 3 mass-market sedan forced production halts.The U.S. automaker, which⁤ ships more China-made cars for exports at the beginning of each quarter while focusing on domestic deliveries at the end, almost doubled its ⁣China EV share from July to August.It unveiled ⁤in ‌September a restyled Model 3 with a starting price of ​259,900 yuan in China,​ 12%⁢ higher than the previous, and would start delivering in the fourth​ quarter.Its Chinese rival​ Xpeng (9868.HK) ⁤also launched a ‌revamped G9 SUV to sell from 263,900 yuan, 15% lower than the previous.Tesla, the largest exporter of China-made EVs, is also ‌facing ‍a probe by‌ the European Commission into subsidies for battery-powered cars ⁤from China, along with ⁣Renault⁣ and other Chinese automakers.Tesla’s deliveries of China-made vehicles‌ hit a record 247,217 in the‌ second quarter.Reporting by Zhang Yan, Qiaoyi Li, Roxanne Liu and Brenda Goh;‍ Editing by Toby ​ChopraOur Standards: The Thomson Reuters⁣ Trust Principles. ⁣Acquire Licensing Rights,‌ opens new tab

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