Elon Musk, director of Tesla, wears “Trump was right about everything!” Hat during a meeting of the office at the White House in Washington, USA, March 24, 2025.
Carlos Barria Reuters
Tesla The sale of his cars produced in China fell in March as competition from local players, such as BYD.
In March, Tesla sold 78 828 electric vehicles in China, fell by 11.5% year on year, according to the data from China Passnger Car Association (CPCA) published on Wednesday. However, sales increased by 157% compared to 30,688 cars bought in February.
The American car manufacturer is facing many winds in China, in particular the growing challenges of local rivals – which, unlike Tesla, has registered growth.
For example, BYD sold 371,419 so -called new energy vehicles in March, including hybrid battery cars, said CPCA. It was a 23% year -on -year increase.
Sales from Geely, which owns brands such as Volvo Cars, increased last month by 167% year to 119,696 vehicles.
To repel the competition, Tesla introduced Renewed model Y in January. The manufacturer's supplies result from this Worst quarter In the first three months of the year in terms of performance from 2022, among the growing pressure. The company's shares fell on Wednesday by 3.04% to 08:04 est.
In the meantime, the concerns about the automotive industry of President Donald Trump could influence the suppliers of Tesla in Mexico and China, with the participation of the White House of the General Director Elon Musk, also receives slack. Musk is part of the so -called government department that strives for universal government job reductions. The technology billionaire said last month That his involvement in Dog may injure Tesla's supplies, among protests, boycotts and attacks on Tesla dealers around the world.