BEIJING, Nov 4 (Reuters) – Tesla’s (TSLA.O) China-made electric vehicle sales fell 9.9% to 61,497 units in October from a year earlier, reversing a 2.8% increase in September, data from the China Passenger Car Association showed on Tuesday.
Sales of the U.S. automaker’s Model 3 and Model Y vehicles made at its Shanghai “gigafactory”, including exports to Europe, India and other markets, dropped 32.3% from September.
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Its biggest Chinese rival, BYD (002594.SZ), , posted a 12% drop in global vehicle sales last month, a second consecutive month of decline and the steepest fall in nearly two years amid hyper-competition in the home market.
Reporting by Qiaoyi Li, Zhang Yan and Brenda Goh; Editing by Christopher Cushing
Our Standards: The Thomson Reuters Trust Principles.
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