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Tesla’s China-made EV sales in July down 31% mth/mth

Tesla's China-made EV sales in July down 31% mth/mth
© Reuters. FILE PHOTO: Visitors wearing face masks check a China-made Tesla Model Y sport utility vehicle (SUV) at the electric vehicle maker’s showroom in Beijing, China January 5, 2021. REUTERS/Tingshu Wang/File Photo

BEIJING (Reuters) – U.S. automaker Tesla (NASDAQ:) sold 64,285 China-made electric vehicles (EVs) in July, down 31% from a month earlier, data from the China Passenger Car Association (CPCA) showed on Thursday.

Sales of China-made Model 3 and Model Y cars were up 128% from 28,217 a year earlier when a scheduled upgrade to Tesla’s Shanghai factory lowered production.

Chinese rival BYD, with its Dynasty and Ocean series of EVs and petrol-electric hybrid vehicles, posted a 61% year-on-year rise in July sales to 261,105 passenger vehicles, including 18,169 exported.

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