Tesla’s China Sales Plunge: Down 51.5% Monthly, 49.2% Yearly

Tesla’s market share in China took a hit in February, with sales dropping 51.5% month-over-month and 49.2% year-over-year. The company delivered 30,688 Shanghai-made Model 3 and Model Y vehicles, marking a significant decline.
Meanwhile, BYD continues to dominate, selling an impressive 322,846 units in February—a 7.4% increase from January and a staggering 164% year-over-year surge!
Adding to the competition, Xiaomi’s SU7 has emerged as a strong rival to Tesla’s Model 3, winning over buyers with its cutting-edge technology, sleek design, and outstanding performance.