To drive sales, Tesla lowered the price for Model 3 rear-wheel drive by 3.7 per cent in China on Monday.Tesla’s China-made electric vehicle sales dropped 4 per cent in August from a year earlier, following an 8.4 per cent fall in July, as the US automaker refreshed its aging lineup in China’s hyper-competitive market.
However, deliveries of Model 3 and Model Y vehicles made at Tesla’s Shanghai factory, including exports to Europe and other markets, surged 22.6 per cent from July to 83,192 units last month, data from the China Passenger Car Association showed on Tuesday.
Top Chinese rival BYD extended a sales decline in its home market, which accounts for nearly 80 per cent of its global shipments, for a fourth straight month in August.
Amid intense competition and a backlash against Elon Musk’s politics, Tesla’s sales across Europe plunged 40.2 per cent in July on the year and trailed BYD, despite an overall EV sales rise in the continent. To drive sales, Tesla lowered the price for Model 3 rear-wheel drive by 3.7 per cent in China on Monday.
