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Tesla’s China-Made EV Sales Show 2.4% Growth in May

Data from the China Passenger Car Association (CPCA) reveals that American automaker Tesla Inc delivered 77,695 electric vehicles (EVs) manufactured in China during the month of May. This represents a 2.4 percent increase compared to April, when Tesla sold 75,842 domestically produced Model 3 and Model Y vehicles in the world’s largest automotive market.

In terms of year-on-year performance, Tesla’s sales in May witnessed an impressive surge of 142 percent. This significant growth can be attributed to the production recovery in Shanghai, where Tesla’s manufacturing plant is located. In May 2022, production was impacted by COVID-19 control measures, leading to a temporary halt in operations.

In a parallel development, Chinese competitor BYD Co Ltd, known for its Dynasty and Ocean electric vehicles, as well as gasoline-electric hybrid models, reported strong sales figures as well. According to the CPCA, BYD sold 239,092 units in May, marking a 14 percent increase compared to the same period the previous year.

The growth in Tesla’s China-made EV sales reflects the ongoing popularity and demand for electric vehicles in the Chinese market. With an increasing emphasis on sustainability and environmental consciousness, consumers in China are gravitating towards electric mobility options. Tesla’s commitment to local production in China has positioned the company to cater to this growing demand effectively.

These positive sales figures further cement China’s status as a crucial market for electric vehicles, with both domestic and international automakers actively participating in the industry’s expansion. As the adoption of EVs continues to gain momentum, competition among manufacturers is expected to intensify, fostering innovation and driving further advancements in electric mobility technology.

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