Tesla sold 100,291 China-made vehicles in Nov -Xinhua By Reuters

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Tesla sold 100,291 China-made vehicles in Nov -Xinhua

Stock Markets Dec 05, 2022 04:35AM ET

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Tesla sold 100,291 China-made vehicles in Nov -Xinhua

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SHANGHAI (Reuters) - Tesla (NASDAQ:TSLA) Inc delivered 100,291 China-made electric vehicles (EVs) in November, the highest monthly sales since its Shanghai factory opened in late 2020, a Xinhua report said on Monday.

The number marks a 40% increase from October and 89.7% more than a year earlier after the U.S. automaker ramped up output at the Shanghai plant, cut prices for the best-selling models and offered incentives to Chinese buyers.

However, BYD led all brands in China's November EV sales at 229,942 electric cars including plug-in hybrids and pure electric vehicles, three times more than a year earlier and more than double Tesla's tally, China Passenger Car Association data shows.

BYD was the top-selling car brand in China in the first four weeks of November, data from China Merchants Bank International shows, outperforming the Volkswagen (ETR:VOWG_p) brand in a reversal that highlights the pressure on legacy brands in the world's largest auto market.

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Comments (1)

JJ JJ Dec 05, 2022 9:36AM ET

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Rather 291 vehicles.

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