Tesla's Sales Decline in China

According to preliminary data released by the China Passenger Car Association (CPCA), Tesla, Inc. experienced a 6% decrease in sales within China this April, selling 58,459 vehicles. This downturn includes the locally produced Model 3 and Model Y, which saw a significant drop of over 25% from the previous month.

BYD's Remarkable Growth

In contrast, Tesla's main competitor in the region, BYD, reported an impressive near 20% increase in sales compared to the same period last year, delivering a total of 372,615 units. This figure encompasses both pure electric and hybrid models, highlighting the growing competition in China's electric vehicle market.