Tesla sold fewer China-made vehicles last month, ending a previous three-month streak of sequential gains.
Tesla (NASDAQ: TSLA) sold fewer China-made vehicles last month, ending a three-month streak of sequential gains.
Tesla China sold 68,280 vehicles in October, including those sold in China and exported from China to overseas markets, the lowest since April, according to data released today by the China Passenger Car Association (CPCA).
That's down 22.69 percent from 88,321 in September and down 5.32 percent from 72,115 a year ago.
Tesla has a factory in Shanghai that produces the Model 3sedan and Model Y crossover, both for deliveries to local customers and as an export hub for it.
Tesla's deliveries in China and export figures from the Shanghai plant are currently unknown.
In the January-October period, Tesla China sold 744,038 vehicles, down 3.52 percent year-on-year, according to data compiled by CnEVPost.
Tesla's main Chinese peers reported mixed October delivery or sales figures earlier this month.
BYD (HKG: 1211, OTCMKTS: BYDDY) sold a record 502,657 new energy vehicles (NEVs) in October, surpassing the 500,000 mark for the first time and marking its fifth consecutive record month.
Nio (NYSE: NIO) delivered 20,976 vehicles in October, surpassing the 20,000 mark for the sixth consecutive month. That's up 30.50 percent from 16,074 a year ago and down 0.97 percent from 21,181 in September.
Xpeng (NYSE: XPEV) delivered 23,917 vehicles in October, its second consecutive record month. That's up 19.57 percent from 20,002 a year ago and up 12.01 percent from 21,352 in September.
Li Auto (NASDAQ: LI) delivered 51,443 vehicles in October, up 27.26 percent from a year ago, but down 4.22 percent from September.
Both BYD and Li Auto make both hybrids and battery electric vehicle (BEV) models, while Tesla, Nio and Xpeng make only BEVs.
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