BYDDF - Tesla sells 32165 China-made vehicles in May down 4% Y/Y

Electric vehicle manufacturer, Tesla (NASDAQ:TSLA) has sold 32,165 China-made vehicles in May vs. 1,152 vehicles sold in April. The company exported 22,340 units during the month vs. nil in April and 60 in March and 11,527 in May 2021. Local deliveries of 9,825 units, represents 62% decline Y/Y. The Shanghai plant reopened on April 19 after 22 days of city-wide lockdown and resumed exports on May 11 but has struggled to get production back to pre-lockdown levels. Tesla's Shanghai factory produced 33,544 vehicles in May, up 212% from April. Passenger car sales in China fell 17.3% Y/Y to 1.37M in May. June sales should be 10% to 20% higher than a year earlier, CPCA secretary general Cui Dongshu told reporters. Demand from earlier months, suppressed by lockdowns that have now eased, would support June sales, Cui said. BYD's (OTCPK:BYDDF) sales grew 8% M/M to 114,943 units; Nio's (NIO) May delivered 7,024 units, up 4.7% Y/Y, XPeng

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Tesla sells 32,165 China-made vehicles in May, down 4% Y/Y