Sales of Tesla’s China-made electric vehicles dropped 6.6% from a year earlier to 72,573 units in May, extending a year-on-year decline for a second month
The slide came after an 18% fall in April that reversed a 0.2% gain in March, as the U.S. automaker has slashed Model Y production by a double-digit percentage number at its Shanghai plant since March.
The output cut, which Reuters reported in late May, is intended to address weakening demand for its best-selling yet aged model in China.
https://electrek.co/2024/06/03/byd-nearly-tops-all-time-sales-record-may-ev-price-cuts/
China’s leading EV maker, BYD, nearly reached a new sales record in May after aggressive price cuts took effect. BYD posted its second-highest sales last month as new energy vehicle (NEV) sales continued picking up.
With 331,817 NEVs (EVs and PHEVs) sold last month, BYD is closing in on its all-time sales record. BYD’s NEV sales were up 38% year-over-year (YOY) and 5% from the 313,245 sold in April.
BYD sold 146,395 EVs last month, up 22% YOY and 9% from April.