XPEV - Tesla sells 56515 China-made vehicles in February local deliveries up ~20% sequentially

Tesla (NASDAQ:TSLA) reports China-made electric cars sales slipped 5.6% M/M and grew more than 200% Y/Y to 56,515 units in the month of February vs. 59,845 units in the month of January - Reuters. In December, the company sold 70,847 China-made cars, vs. 52,859 units in the month of November. Tesla (TSLA) exported 33,315 units in February vs. 40,499 in January, 245 in December and 21,127 in November. Local deliveries were 23,200 cars vs. 19,346 in January. China’s passenger vehicle sales rose 4.7% Y/Y in February to 1.27M units, driven by strong growth from new-energy vehicles. Deliveries of NEVs soared about 180% to 272,000 units, led by Warren Buffet-backed Chinese EV giant BYD (OTCPK:BYDDF) shipped 87,473 hybrid and pure-electric vehicles in February vs. 93,168 in January. Chinese NEV maker Nio (NYSE:NIO) delivered 6,131 cars in February, up 9.9% Y/Y; Li Auto (NASDAQ:LI) delivered 8,414, up 265.8% Y/Y and Xpeng (NYSE:XPEV) delivered 6,225 vehicles, up 180% Y/Y. China Passenger Car Association

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Tesla sells 56,515 China-made vehicles in February, local deliveries up ~20% sequentially