TECH - Tesla Retail Sales Grow In China For November: A Look At Company's Market Share Competition | Benzinga
Electric vehicle company Tesla Inc (NASDAQ:TSLA) is one of the many companies competing in the highly competitive Chinese automotive market.
A new report showed Tesla with the second-largest market share for retail sales in the country.
What Happened: Tesla is one of the leading electric vehicle producers worldwide and operates in many countries, including China.
Newly released data from the China Passenger Car Association showed Tesla with a strong market share position in the country.
Tesla sold 65,504 new energy vehicles at retail in China for the month of November, as reported by CnEV Post. The figure was up 4.8% year-over-year and gave Tesla a 7.8% market share of all new energy vehicles (plug-in and battery-powered) at retail for China.
BYD (OTC:BYDDY) ranked first for November with 263,066 retail sales and a market share of 31.3%.
Rounding out the top five were Geely ...