TECH - Tesla's Market Share In China Drops In June As EV Sales Drop By More Than 20% Over 2023 | Benzinga
EV giant Tesla Inc (NASDAQ:TSLA) reportedly sold only about 60,000 Shanghai-made vehicles in China in June, marking a near 20% drop year-on-year.
What Happened: Tesla sold 71,007 made-in-China vehicles in June, CnEVPost reported, citing data from the China Passenger Car Association (CPCA). However, 11,746 of these were for export markets, implying that only 59,261 vehicles were sold in the country, or about 20% lower than in June 2023.
Tesla sold 74,212 vehicles in China in June 2023.
Tesla’s share of China’s new energy vehicle (NEV) market, which includes both battery electric vehicles and plug-in hybrids, fell ...