Tesla Stock Drops 1.5% as China-Made EV Sales Fall 11.5% Y/Y in January
Reuters02-07 17:30
BEIJING, Feb 7 (Reuters) - U.S. automaker Tesla's sales of China-made electric vehicles fell 11.5% to 63,238 units in January from a year earlier, data from the China Passenger Car Association showed on Friday.
Deliveries of China-made Model 3 and Model Y vehicles were down 32.6% from December.
Chinese rival BYD 1211.HK 002594.SZ, with its Dynasty and Ocean series of EVs and plug-in hybrids, sold 296,446 passenger vehicles last month, a 47.5% increase on the year, but a 41.8% decline from the prior month.
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