U.S. automaker Tesla and its chief Chinese rival BYD achieved record deliveries of their China-made vehicles in the second-quarter, China Passenger Car Association (CPCA) data showed, as a fight for market share heats up.
achieved record deliveries of their China-made vehicles in the second-quarter, China Passenger Car Association data showed, as a fight for market share heats up.
The U.S. automaker sold 247,217 China-made cars over April-June, the most since it started delivering vehicles from Shanghai in early 2020, the data also showed. Tesla reported, with its Dynasty and Ocean series of EVs and petrol-electric hybrid vehicles, saw June sales surge 88.16% year-on-year to 251,685 vehicles, CPCA data showed. This was also the first time BYD's monthly sales surpassed 250,000 units.
The companies' sales surge point to how they are so far managing to stay ahead of their competition even as overall auto sales slow in China amid a softening economy.
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