finance.yahoo.com

Tesla China deliveries drop 33% as Shanghai ships more abroad

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Sig2.22Sen-1.65Env0.00Soc0.00Gov0.00

Tesla’s China deliveries fell nearly 33% year on year to 27,249 vehicles and dropped 48.51% month over month, while its Shanghai plant shipped more cars than ever to buyers outside China. EVs now dominate the market, with new energy vehicles at 65.1% of new passenger car sales in July, and intense price competition led by cheaper models.

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