Automundo China

EV giant Tesla Inc. (TSLA) reportedly sold 71,599 made-in-China vehicles in June, marking a growth of 0.83% from the corresponding period of 2024, after an eight-month losing streak. Despite the rise in June, the company’s sales every quarter continued to fall, Reuters reported. Shares of Tesla are, however, up by about 1% in the pre-market session...

Tesla China’s June numbers were released by the China Passenger Car Association (CPCA) on Tuesday.

In the first half of the year, China's NEV wholesale sales are estimated to reach 6.47 million units, up 38 percent year-on-year.

Asked about the rapid growth of Chinese electric car companies like BYD, Ford CEO Jim Farley called it "the most humbling thing I have ever seen."

Also in today’s rundown: Hong Kong universities make 36 admission offers to students affected by U.S.’ shifting international student policies, Thailand falls out of favor with Chinese tourists

Tesla Inc. saw its first increase in vehicle deliveries from its Shanghai factory this year, with the US automaker potentially buoyed by the clearance of regulatory hurdles for its advanced driver-assistance features.

BYD's June sales hit 377,628 units, a 11% YoY growth, with 54.8% being EVs. BYD also saw a 234% increase in exports.

This marks the end of an eight-month decline for the U.S. automaker, despite intensifying competition from more affordable Chinese electric vehicle mo...

Tesla China's June sales, including exports, rose 0.83 percent year-on-year and up 16.12 percent from May.