{"id":48996,"date":"2023-05-05T12:03:10","date_gmt":"2023-05-05T16:03:10","guid":{"rendered":"https:\/\/autosector.com\/?p=48996"},"modified":"2023-05-05T12:03:10","modified_gmt":"2023-05-05T16:03:10","slug":"tesla-april-sales-china-down-from-march","status":"publish","type":"post","link":"http:\/\/autosector.com\/?p=48996","title":{"rendered":"Tesla’s April sales of China-made EVs down 14.7% from March – Autoblog"},"content":{"rendered":"

BEIJING\/SHANGHAI \u2014 Tesla<\/a> Inc delivered 75,842 China-made electric vehicles<\/a> in April, down 14.7% from March, data from the China<\/a> Passenger Car Association (CPCA) showed on Friday.<\/p>\n

The figure was however a huge jump from a year earlier, when the city of Shanghai \u2014 where Tesla has a factory \u2014 was in COVID-19 lockdown. In April last year, the company delivered only 1,512 China-made Model 3<\/a> and Model Y<\/a> cars in the world’s largest auto market.<\/p>\n

Local rival BYD Co, with its Dynasty and Ocean series of EVs and hybrids<\/a>, sold 209,467 vehicles in April, CPCA data showed, up 1.6% from March.<\/p>\n

CPCA is expected to release more detailed China car sales figures for April next week.<\/p>\n

Tesla has cut prices in several markets globally and kickstarted a price war in China that since the start of the year has seen more than 40 local and international car brands join in.<\/p>\n

The price cuts have lowered automakers’ earnings, with Tesla reporting a 24% plunge in first-quarter net income even though its quarterly global deliveries reached a fresh all-time high.<\/p>\n

The EV giant has however this week moved in the opposite direction, raising prices by up to $290 on its two top-selling models \u2014 Model Y and Model 3 \u2014 in Canada, China, Japan<\/a> and the United States on Monday.<\/p>\n

On Friday, it raised prices for its new Model S<\/a> and Model X<\/a> vehicles in China by 19,000 yuan ($2,751).<\/p>\n

Tesla is readying exports of a version of the Model Y to Canada this year from its Shanghai factory, the first time it will ship cars to North America from China, according to a person with direct knowledge of the plan and a production memo seen by Reuters.<\/p>\n

($1 = 6.9060 Chinese yuan renminbi)<\/p>\n

Related video:<\/strong><\/p>\n