UPDATE 1-Tesla's China-made EV sales fall 18% y/y in April [Yahoo! Finance]
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Source: Yahoo! Finance
18% from a year earlier, China Passenger Car Association (CPCA) data showed on Tuesday. Deliveries of China-made Model 3 and Model Y vehicles slid 30.2% from March. Tesla's China-made cars are also exported to various markets including Europe and the CPCA didn't provide a breakdown of Tesla exports by destination. Tuesday's numbers are a prelude of full data for April due out later this week. The sharp slide contrasts with rising EV sales in the world's largest auto market, albeit at the slowest pace in a year in the first quarter, amid slowing demand and a ferocious price war. China's new-energy vehicle sales including battery-powered EVs and plug-in hybrids were estimated to hit 800,000 units in April, up 33% on the year and a 2% drop from the month before, according to CPCA data. Tesla's biggest Chinese rival BYD, with its Dynasty and Ocean lineups of EVs and plug-in hybrids, sold 312,048 passenger vehicles in April, up 48.97% year-on-year and a 3.5% increase from March.
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