Tesla's China-Made EV Sales Rise 15.3% Y/Y in July

Reuters08-02

BEIJING, Aug 2 (Reuters) - U.S. automaker Tesla's sales of China-made electric vehicles rose 15.3% from a year earlier to 74,117 units in July, data from the China Passenger Car Association (CPCA) showed on Friday.

The shares gained 1% in premarket trading, erasing earlier losses.

Deliveries of China-made Model 3 and Model Y vehicles were up 4.4% from June.

Chinese rival BYD, with its Dynasty and Ocean lineups of EVs and plug-in hybrids, saw passenger vehicle sales jump 30.5% year-on-year to a fresh monthly high of 340,799 units in July.

Meanwhile, Tesla registered an insurance broking firm in China at the end of July, based on a national corporate information database, in a sign that the U.S. automaker may be trying again to gain approval to sell insurance products in the country.

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Comments

  • MrKiasu
    08-02
    MrKiasu
    Just waste of time...
  • Guavaxf30
    08-02
    Guavaxf30
    Actually that is too early to call. It was up 1%, but it is now down 1%. Wait till after 9.30 am (EST), then post this report.
  • Guavaxf30
    08-02
    Guavaxf30
    Actually that is too early to call. It was up 1%, but it is now down 1%. Wait till after 9.30 am (EST), then post this report.
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