Tesla China-made EV sales fall 11.5% in March as competition rises

Tesla CEO Elon Musk wears a 'Trump Was Right About Everything!' hat while attending a cabinet meeting at the White House, in Washington, D.C., U.S., March 24, 2025. Tesla sales of its China-made cars fell in March as competition from local players like BYD intensified. Tesla sold 78,828 electric vehicles in China in March, down 11.5% year-on-year, according to data from the China Passenger Car Association (CPCA) released on Wednesday. However, sales rose 157% compared with the 30,688 cars bought in February. The U.S. carmaker is facing a number of headwinds in China, in particular mounting challenges from local rivals — which, unlike Tesla, logged growth. BYD, for example, sold 371,419 so-called new energy vehicles in March, which includes battery hybrid cars, the CPCA said. That was a 23% year-on-year rise. Sales from Geely, which owns brands such as Volvo Cars, rose 167% year-on-year to 119,696 vehicles last month. In a bid to push back against competition, Tesla launched a rev ... Read full article.