Tesla sales in China fell 11.5% in January, while competitor BYD grew 47%, highlighting the intensification of the dispute in the electricity sector
Tesla car sales in China registered a 11.5% drop in January 2025, totaling 63,238 units sold. In the same period last year, the automaker had sold 71,447 vehicles in the Asian country. Meanwhile, its main competitor, Chinese Byd, presented a significant growth of 47% in the same month, selling 296,446 electric and hybrid cars plug-in.
According to CNBC, intense competition in the electric vehicle market has challenged Tesla, which tries to maintain its relevance with price cuts and aggressive incentives.
Recently, the US company reduced the value of Model Y and extended interest without interest for five years by the end of January. In addition, it launched a renewed version of Model Y in China, accompanied by a new 0% interest financing plan.
Other Chinese manufacturers, such as Changan Automobile and Xpeng, also recorded significant sales growth, increasing the pressure on Tesla in the country. To recover her market share, Elon Musk’s automaker seeks to launch a new accessible model in the first half of 2025, as well as expanding the offer of her driver assistance system, known as “Full Self driving”, for Chinese consumers still This year.
Investors are still aware of Tesla’s strategies to face the advancement of local competitors. While the company has no major impact since Cybertruck’s launch at the end of 2023, the market awaits a more affordable model that can boost the brand’s sales again.
Source: https://www.ocafezinho.com/2025/02/07/tesla-perde-forca-na-china-enquanto-byd-dispara-nas-vendas/
