Tesla Sales in China Drop to 3-Year Low in October, Market Share Falls to 3.2%
Tesla sold 26,006 vehicles in the Chinese market in October, the lowest in nearly three years, indicating challenges of weak demand in the increasingly competitive Chinese electric vehicle market. However, Tesla's factory in China exported 35,491 electric vehicles in the same month, setting a new high for nearly two years.
According to Reuters, data released by the China Association of Automobile Manufacturers on Monday, November 10, showed that Tesla's sales in China in October fell 35.8% compared to the same period last year and dropped significantly from the 71,525 units sold in September.
The Model Y L, introduced by Tesla in China, began delivery in September this year. This model is a longer-wheelbase version of its best-selling Model Y SUV, designed as a six-seater, and is currently only available in the Chinese market.
Tesla's market share in China's electric vehicle market also fell sharply from 8.7% in September to just 3.2% in October, setting a record low for more than three years.
Sales of Tesla in European countries such as Germany, Spain, the Netherlands, and Nordic nations remained sluggish in October, highlighting that the challenges it faces in the European market have not eased. In China, the world's largest car market and the second-largest market for Tesla in the third quarter after the United States, the sales performance was also weak, with increased competitive pressure.
Meanwhile, Chinese company Xiaomi achieved a record sales of 48,654 vehicles in October with its SU7 sedan and YU SUV, which challenge Tesla's products, without being affected by public concerns about the safety of electric vehicles following a car accident involving its sedan.
Source: rfi
Original: www.toutiao.com/article/1848443137570826/
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