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Investing.com -- Tesla (NASDAQ:TSLA), the U.S. automaker, witnessed a decrease in sales of its China-manufactured electric vehicles (EV) in January, with the total units sold falling by 11.5% to 63,238, compared to the same month a year ago. This data was released by the China Passenger Car Association on Friday.
The company’s China-made Model 3 and Model Y vehicles also experienced a significant drop in deliveries, with a decline of 32.6% from December.
On the other hand, Tesla’s Chinese competitor, BYD (SZ:002594), recorded a substantial increase in the sales of its Dynasty and Ocean series of EVs and plug-in hybrids.
The company sold a total of 296,446 passenger vehicles in the past month, marking a 47.5% increase compared to the same period last year. However, this figure also represents a 41.8% decrease from the previous month.
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