Tesla's China-Made EV Sales Decline in September
$Tesla(TSLA.US$Tesla's sales of electric vehicles (EVs) produced in China dipped 10.9% year-on-year in September, with the company selling 74,073 units. The sales for the popular China-made Model 3 and Model Y saw a decrease of 12% compared to the previous month.
In contrast, BYD experienced a significant growth of 42.8% in passenger vehicle deliveries, hitting a total of 286,903 units last month.
One of the factors impacting Tesla's numbers is the halt in production caused by planned factory upgrades to introduce a new version of the Model 3 sedan. Furthermore, Tesla’s strategy typically involves higher exports of China-made cars at each quarter's start and a focus on domestic deliveries towards the quarter's end.
Tesla launched an updated Model 3 in September, priced 12% higher than its predecessor in the Chinese market. Interestingly, Xpeng introduced a new G9 SUV with a price tag 15% lower than its previous model.
Adding to Tesla's challenges in the global market, the European Commission is investigating the company, alongside other automakers like Renault and some Chinese brands for the subsidies received for battery-powered cars from China.
That being said, Tesla's China-made vehicle deliveries reached an all-time high of 247,217 units in the second quarter of this year.
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ZnWC : Your data which was based on 1H is outdated. Based on Q3 data, Tesla delivery reached the entire delivery in 2022. The company announced it will meet the 1.8 million vehicles target by year end.
Tesla reported 435,059 deliveries for the third quarter, and production of 430,488 vehicles
https://www.moomoo.com/community/feed/111165880926214?global_content=%7B%22invite%22%3A%22101709443%22%2C%22promote_content%22%3A%22mm%3Afeed%3A111165880926214%22%7D&data_ticket=212ca245a589f1e400fb2e247953bc77&futusource=nnq_search_search-result&content_type=feeddetail
ZnWC : BYD delivery included PHEV which made up of almost 50% of total delivery. If you looked at BEV which is pure EV, Tesla delivered more than BYD.
Top 10 BEV makers Q2 2023: Tesla first, BYD second
https://www.moomoo.com/community/feed/111038438768646?global_content=%7B%22invite%22%3A%22101709443%22%2C%22promote_content%22%3A%22mm%3Afeed%3A111038438768646%22%7D&data_ticket=212ca245a589f1e400fb2e247953bc77