South Korean media: Tesla's sales in China plummet, hit a three-year low!
December 17, South Korean media "Herald Economic" published an article stating that the market share of American electric vehicle company Tesla is rapidly declining in China.
According to Reuters, Tesla's sales in China fell by 35.8% year-on-year in October, to 26,006 units, the lowest level in three years.
This is a drop of more than 60% compared to September's sales (71,525 units). Tesla began delivering the Model Y L in China in September, a six-seat SUV with a larger body size than the existing Model Y.
Tesla's share in the Chinese electric vehicle market dropped sharply from 8.7% in September to 3.2% in October, hitting the lowest level in over three years.
Reuters analyzed that Tesla's sales continued to be weak in the European market in October, with significant declines in sales in Nordic countries, Spain, and the Netherlands. The company also faces increasing pressure in China, where competition is intensifying and demand is weak. China is Tesla's second-largest market after the United States.
Meanwhile, Tesla's main competitor, Xiaomi Auto, still set a sales record of 48,654 units in October, mainly due to the excellent performance of its electric sedan SU7 and SUV model YU7.
Sales of vehicles produced by Tesla in China have remained strong.
Data from the China Passenger Car Association shows that the number of cars made in China and exported by Tesla reached 35,491 units in October, the highest level in two years.
Original article: toutiao.com/article/1851721027893258/
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