https://www.reuters.com/business/autos-transportation/teslas-china-made-ev-sales-fall-6-yy-april-2025-05-07/
Tesla’s China-made EV sales fall 6% y/y in April as woes deepen
as the U.S. automaker grapples with intense competition from its Chinese rivals and a tarnished image in Europe.
Deliveries of China-made Model 3 and Model Y vehicles, which account for exports to markets including Europe as well as China sales, totalled 58,459 units last month, down 25.8% from March
Tesla’s Chinese rival BYD (002594.SZ), opens new tab, with its Ocean and Dynasty lineup of EVs and plug-in hybrids, saw last month a 19.4% jump year-on-year in global passenger vehicle sales to 372,615 vehicles.
About a dozen new electric crossover models that debuted at the Shanghai auto show last month are priced to challenge Tesla’s best-selling Model Y, potentially adding to the U.S. EV specialist’s mounting pressures in China and globally.
Mass production of a lower-cost version of Model Y will begin in Shanghai in 2026 to defend Tesla’s market share in China, Reuters has reported.
- Tesla is already offering low 1.99% financing on six-year loans for customers looking to buy the $48,990 long-range, all-wheel-drive Model Y, the series production version of the newer car that debuted in early April. Gone are the days when Tesla had to keep hiking prices to avoid being hopelessly swamped by demand. Now CEO Elon Musk has to fight for every new customer.
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