South Korean media: Tesla China factory shipment volume hits a three-year low! On April 24, South Korean media "Today Finance" published an article stating that with the rapid progress of Chinese electric vehicle companies, Tesla has been hit hard. Elon Musk's Tesla delivered 22% fewer vehicles in the first quarter compared to the same period last year from its China factory, setting a new low over the past three years. Tesla's "Shanghai Gigafactory" delivery volume was 172,754 units, a significant decrease from 220,876 units in the first quarter of last year. This is the weakest performance since the second quarter of 2022. The delivery volume includes sales within China and exports. According to EV market research company CnEVPost, the competition in the Chinese electric vehicle market remains fierce, and Tesla's sales in major markets outside China continue to decline. Due to competitors like XPeng Auto and Xiaomi continuously introducing new models with advanced driver assistance features at relatively lower prices, Tesla has been losing market share since last year. In particular, BYD, headquartered in Shenzhen and the world's largest electric vehicle manufacturer, delivered 416,388 pure electric vehicles in the first quarter, a year-on-year increase of 39%, surpassing Tesla and maintaining its leading position. BYD's hybrid vehicle sales also surged by 76% to 569,710 units in the first quarter. Tesla's delivery volume in March from its China factory was 78,828 units, a year-on-year increase of 157%. Analysts say this was due to increased production of partially modified Model Y models. Original article: https://www.toutiao.com/article/1830282778755292/ Disclaimer: The article represents the views of the author.