Tesla's China-made EV sales drop 17.8pc in Nov

BEIJING/SHANGHAI, Dec 4 (Reuters): Sales of US automaker Tesla's China-made electric vehicles (EVs) skidded 17.8 per cent in November from the same month a year earlier, to 82,432 cars, China Passenger Car Association (CPCA) data showed on Monday.

That marked the biggest fall since December 2022 when Tesla's sales of China-made EVs fell 21 per cent on the year as the US automaker reduced output and cut prices to deal with rising inventories and weakening demand.

Deliveries of China-made Model 3 and Model Y cars were however 14.3 per cent higher than in October.

Chinese rival BYD, with its Dynasty and Ocean series of EVs and petrol-electric hybrid models, saw passenger vehicle deliveries set another record at 301,378 vehicles in November, up 0.09 per cent from October and 31 per cent from a year earlier.