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A Tesla store in Beijing, China, on July 4, 2021.
Costfoto | Barcroft Media | Getty Images
U.S. electric vehicle maker Tesla Inc sold 32,968 China-made vehicles in July, including 24,347 for export, the China Passenger Car Association (CPCA) said on Tuesday.
Local sales of China-made vehicles plunged 69% to 8,621 cars from 28,138 in June. Tesla’s sales in the first month of each quarter are usually lower than the following two months.
The company, which makes Model 3 sedans and Model Y sport-utility vehicles in Shanghai, sold 33,155 China-made vehicles in June.
Last month, Tesla introduced a cheaper version of the Model Y in China, where it faces increased scrutiny from both regulators and the public and growing competition from local rivals. It also lowered the starting price for Model 3 sedans.
CPCA also said China sold 1.52 million passenger cars in July, down 6.4% from a year earlier.
Read Full Story: https://www.cnbc.com/2021/08/10/tesla-sold-32968-china-made-vehicles-in-july-local-sales-plunged-m/m.html
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