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Stockreport

China's April car sales swing to contraction despite NEV milestone [Reuters]

Tesla, Inc. (TSLA)  More Company Research Source: Reuters
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
incentives failed to shake off consumers' caution about spending on big items during a shaky economic recovery. While the share of new energy vehicle sales scaled a new high, paving the way for the world's largest auto market to fast-track its green goal, sales of electric vehicles are still far slower than those of plug-in hybrids (PHEVs). Sales of passenger vehicles were 1.55 million units in April, down 9.6% from March, the China Passenger Car Association (CPCA) said. Car sales had risen 5.7% in March on the year, and jumped 53% on the month. NEVs accounted for 43.5% of total car sales, a record full-month high after hitting a milestone of more than half in the first half of April. China has set a target of 45% by 2027. EV sales quickened to 12.1% in April from 10.5% in March, while PHEV sales jumped 64.2% against a rise of 75.4% in March. EV sales had contracted 6.3% from March while PHEV sales dropped 4.7%. The PHEV segment, which has grown faster since 2022, drives th [Read more]
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Stockreport

China's April car sales swing to contraction despite NEV milestone [Reuters]

Tesla, Inc.  (TSLA) 
More Company Research Source: Reuters
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
incentives failed to shake off consumers' caution about spending on big items during a shaky economic recovery. While the share of new energy vehicle sales scaled a new high, paving the way for the world's largest auto market to fast-track its green goal, sales of electric vehicles are still far slower than those of plug-in hybrids (PHEVs). Sales of passenger vehicles were 1.55 million units in April, down 9.6% from March, the China Passenger Car Association (CPCA) said. Car sales had risen 5.7% in March on the year, and jumped 53% on the month. NEVs accounted for 43.5% of total car sales, a record full-month high after hitting a milestone of more than half in the first half of April. China has set a target of 45% by 2027. EV sales quickened to 12.1% in April from 10.5% in March, while PHEV sales jumped 64.2% against a rise of 75.4% in March. EV sales had contracted 6.3% from March while PHEV sales dropped 4.7%. The PHEV segment, which has grown faster since 2022, drives th [Read more]
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