Tesla’s Chinese EVs sales rise by 2.4%

Tesla Inc.’s China-made electric vehicle (EV) sales rose in May by 2.4 percent, according to data from the China Passenger Car Association (CPCA) on Monday.

According to the CPCA, the company delivered 77,695 EVs made in China during that month. On a yearly basis, sales increased by 142 percent in May, up from 32,165 vehicles in the same month of 2022.

According to Reuters, Musk concluded a two-day trip to China on Thursday that included talks with Chinese Vice Premier Ding Xuexiang on Wednesday in Beijing.

The trip came as Tesla faces competition from Chinese-made EV makers and uncertainty in terms of expanding its Shanghai plant, the largest production hub owned by the company.

On May 29, Tesla started distributing over-the-air software updates for more than 1.1 million vehicles for a braking issue. Tesla raised prices in a number of countries in May, including China.