Tesla’s Chinese EV sales grow 3% in August ’24

Sales of Tesla’s China-made electric vehicles increased by 3 per cent  year-on-year in August, according to data released by the China Passenger Car Association (CPCA) on Monday.

The company posted a 17 per cent increase in deliveries of its Model 3 and Model Y vehicles compared to July.

Meanwhile, Chinese competitor BYD continued its strong performance, with sales of its Dynasty and Ocean series of EVs and plug-in hybrids surging by 35.3 per cent year-on-year.

BYD achieved a new monthly sales record in August, delivering 370,854 passenger vehicles.