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Investing.com -- Tesla Inc’s (NASDAQ:TSLA) sales volume in Germany experienced a significant reduction in May, according to the German road traffic agency, KBA.
The agency reported a 36.2% decline in Tesla’s sales from the same period a year earlier, with the company selling 1,210 cars in May.
Meanwhile, the overall electric vehicle (EV) market in Germany saw an increase.
The KBA reported a 44.9% rise in new registrations for electric vehicles in May, indicating a growing interest in EVs among German consumers.
In contrast to Tesla’s performance, Chinese electric vehicle manufacturer BYD (SHE:SZ:002594) saw a substantial increase in its sales volume.
The KBA reported that BYD’s sales in Germany increased ninefold in May, with the company selling 1,857 units.
The growth in BYD’s sales suggests a shift in consumer preferences within the German electric vehicle market.
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