Automundo China

In October, Tesla delivered 68,280 electric vehicles in China, a year-on-year decrease of 5.3% and a month-on-month decrease of 22.7%. Domestic sales exceeded 40,000 units, a year-on-year increase of 41%. Tesla needs to sell at least 515,000 electric vehicles in the last three months of 2024 to achieve a slight increase in annual sales expectations. BYD's sales in the same month increased by 66.2% year-on-year, setting a new record. Tesla's third-quarter financial report showed earnings exceeding expectations, with the stock price rising nearly 22% at one point

Strong domestic demand and a booming hybrid market helped the automaker achieve a 66.5% year-over-year increase.

Tesla sold fewer China-made vehicles last month, ending a previous three-month streak of sequential gains.

The sales figures reflected the increasing popularity of hybrid electric vehicles and the slowing growth of fully battery electric vehicles (BEV) in the world’s largest auto market.

Hong Kong-listed EV titans BYD Co. Limited ($HK:1211) and its rival XPeng ($HK:9868) are celebrating their record sales in October. Last month’s sales were fueled b...

Tesla's Oct China-made EV sales fall 5.3% y/y

U.S. automaker Tesla sold 68,280 China-made electric vehicles in October, down 5.3% from a year earlier, data from the China Passenger Car Association (CPCA) showed on Monday. Deliveries of China-made Model 3 and Model Y vehicles fell 22.7% from the previous month. Chinese rival BYD, with its Dynasty and Ocean series of EVs and plug-in hybrids, hit another monthly record, with a 66.2% year-on-year increase in passenger vehicle sales to 500,526 units last month.

Chinese carmaker BYD overtakes Tesla for first time in quarterly sales, as EU brings in tariffs over state subsidy concern

BYD made 1.3M NEVs in 3 months, hired 200K people and increased production, surpassing Tesla in Q3 revenue but trailing in net profit.