Tesla

In the January-July period, BYD was No. 1 in the NEV market by retail with a 34.1 percent share, while Tesla was No. 3 with a 6.5 percent share.

Tesla's July sales in China decreased by 21.99 percent from 59,261 in June as exports from its Shanghai factory increased by 137.44 percent.

Some of the vehicles in the recall may have a system that fails to detect the unlocked state of the frunk lid after it has been unlocked, which could result in the frunk lid being lifted while the vehicle is in motion.

In the January-July period, Tesla China sold 500,740 vehicles, surpassing the 500,000 mark, albeit down 7.41 percent year-on-year.

Tesla's latest electric drive system is the Performance 4DU for the 2024 Model 3 Performance, claiming a 32 percent peak power increase over its predecessor.

Tesla is likely to get regulatory approval to launch FSD in markets such as Europe and China by the end of this year, Elon Musk said.

Tesla began offering a 0-interest loan incentive in China in April, valid through June 30. It extended the offer on July 1 until July 31.

The latest wait times in China for all three variants of the Model 3 are 3-5 weeks, extended from the previous 2-4 weeks. The Model Y remains unchanged at 1-3 weeks.

Model 3 wait time went from 1-4 weeks to 2-4 weeks, Model Y remains unchanged at 1-3 weeks.

In the first half of 2024, BYD was No. 1 in China's NEV market with a 33.8 percent share, while Tesla was No. 3 with a 6.8 percent share.