South Korean media: Tesla's position in China is shaken, and BYD continues to advance! On May 27th, South Korean media "Global Economy" published an article stating that Tesla's electric vehicle sales in China last month decreased by 6% compared to the same period last year, while the sales of China's largest electric vehicle manufacturer, BYD, increased by 19.4%. This result indicates that Tesla's position in China's electric vehicle market is being shaken. According to data from the China Passenger Vehicle Market Information Joint Council, Tesla sold 58,459 electric vehicles in China in April. This number decreased by 6% compared to the same period last year. Among them, the sales volume of flagship models Model 3 and Model Y plummeted by 25.8% month-over-month. In the meantime, BYD's passenger vehicle sales reached 372,615 units, increasing by 19.4% year-over-year. BYD is expanding its market share by launching a range of pure electric and plug-in hybrid vehicles including the "Ocean" and "Dynasty" series. BYD's proactive pricing strategy and technological innovation also deserve attention. Recently, BYD announced that its driving assistance system "Celestial Eye" will become standard equipment on most vehicles without additional charges, and it launched a brand-new ultra-fast charging technology platform. This strategy puts significant pressure on competitors. Tesla plans to introduce a lower-priced Model Y with a 20% reduction in production costs at its Shanghai factory to offset the sluggish sales in the Chinese market. This model will mainly be sold in the domestic Chinese market and also considered for production in Europe and North America. China is the world's largest electric vehicle market, with extremely fierce price competition. BYD's compact hatchback, Sea Bird, priced under $10,000, poses a significant challenge to foreign brands like Tesla. Tesla's sales slump in China has also extended to Europe. In April, Tesla's sales in Europe dropped by 37.2% year-over-year, with sales in Sweden down by 80.7% and sales in the Netherlands down by 73.8%. Analysts believe this is the result of a combination of factors, including aversion to CEO Elon Musk and the enhanced competitiveness of Chinese electric vehicles. [Image: //p3-sign.toutiaoimg.com/tos-cn-i-ezhpy3drpa/0f7db62b0b99456a93e2f5db462ed8d2~tplv-obj:1920:1080.image?_iz=97245&bid=15&from=post&gid=1833240362540035&lk3s=06827d14&x-expires=1756080000&x-signature=WF%2FUJI2m4SoMqRUJq1NHz9nne9Q%3D] (Source: https://www.toutiao.com/article/1833240362540035/) Disclaimer: The article solely represents the author's views.