Sales of Tesla's China-made vehicles decline in May - Reuters

© Reuters.

Investing.com -- Tesla's sales of China-made electric vehicles fell by 6.6% to 72,573 in May compared to a year ago, Reuters reported on Tuesday, citing data from the China Passenger Car Association.


Versus the prior month, deliveries of the U.S. carmaker's Model 3 and Model Y vehicles made in China jumped 16.7%, the news agency added.


The figures come as Tesla (NASDAQ:TSLA) and its rivals in China have been slashing prices in the face of intensifying competition to secure a foothold in the country's lucrative EV market.


Chinese group BYD (SZ:002594) -- a key competitor with Tesla -- sold 330,488 passenger vehicles in May, an increase of 38.2% year-on-year, Reuters reported.


Related Article

Swiss financial regulator wants to be able to name and shame banks

Swiss financial regulator wants to be able to name and shame banks

ZURICH (Reuters) - Swiss financial regulator FINMA wants to be able to name and shame banks which br
Israel, on Reuters finding its forces killed Lebanon journalist, says area a combat zone

Israel, on Reuters finding its forces killed Lebanon journalist, says area a combat zone

© Reuters. FILE PHOTO: The camera that belonged to Reuters journalist Issam Abdallah who was killed
Oil rebounds from six-month-low but demand concerns linger

Oil rebounds from six-month-low but demand concerns linger

© Reuters. FILE PHOTO: A pump is seen at a gas station in Manhattan, New York City, U.S., August 11,
What do employers expect staff to know about AI?

What do employers expect staff to know about AI?

Image source, Nadia AlaeeImage caption, Nadia Alaee is always looking for AI skills when recruitingB
Pro Research: Wall Street dives into Walmart's strategic growth

Pro Research: Wall Street dives into Walmart's strategic growth

© Reuters. WMT-0.03%Add to/Remove from WatchlistAdd to Watchlist
Explainer-Energy efficiency could offer major climate wins. But what is it?

Explainer-Energy efficiency could offer major climate wins. But what is it?

2/2© Reuters. FILE PHOTO: A general view of a wind turbine at Westmill Wind Farm & Solar Park, whi