Sales of Tesla’s China-made electric vehicles climbed over 15% in July - report
) sales of China-made electric vehicles rose by 15.3% year-over-year to 74,117 units in July, according to data from the China Passenger Car Association . Deliveries of China-made Model 3 and Model Y vehicles increased by 4.4% compared to June.
Although Tesla China's 2024 sales figures still trail behind those of 2023, CEO Elon Musk has previously voiced optimism about an improvement in sales this year. The Shanghai facility, Tesla's largest manufacturing hub worldwide, had planned to cut Model Y production by at least 20% from March to June, according to the report.) achieved its best-ever monthly performance in July, delivering 51,000 plug-in hybrid and fully electric vehicles, bringing its total deliveries for the year to nearly 240,000 units.
Overall, China's sales of new energy passenger vehicles increased by 31% year-over-year but fell by 5% month-over-month to roughly 722,000 units from July 1-28, according to the China Passenger Car Association data.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
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