acf domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/ecg/ecgassociationdev/wp-includes/functions.php on line 6121Reuters — 2024-10-10
Automotive Industry
Sales of US automaker Tesla's China-made electric vehicles rose 19.2% in September 2024 from a year earlier, data from the China Passenger Car Association (CPCA) showed on Wednesday.
Deliveries of China-made Model 3 and Model Y vehicles, which are also exported to various markets including Europe, were up 1.9% from the previous month.
Tesla sold more than 72,000 EVs in China's domestic market, up 66% year-on-year, its best month this year, according to a company statement on Thursday.
Chinese rival BYD, with its Dynasty and Ocean lineups of EVs and plug-in hybrids, recorded its best month with a 45.56% year-on-year increase in passenger vehicle sales to 417,603 units in September 2024.
The 33,012 BYD cars, or 7.9% of the total sales, were sold overseas, BYD's filing showed.
With the climb in September 2024, Tesla saw a 12% growth in China-made EV sales in the July-September period, its first quarterly rise this year.
The US EV giant has been extending incentives to encourage consumers in the world's largest auto market where rivals including Xpeng and Nio were racing to launch budget models.
It extended zero-interest financing in late September for some Model 3 and Model Y cars in China by another month to the end of October.
Tesla also plans to produce a six-seat variant of its best-selling, yet aging, Model Y in China from late 2025, Reuters reported.
The EV maker, due to unveil its robotaxi on 10 October 2024, said it was on course to launch Full Self-Driving (FSD) advanced driver assistance software in China and Europe next year, pending approval from regulators.