Chinese car buyers are shunning Tesla as rival manufacturers flood the world’s largest car market with more advanced electric vehicle models.
The US company’s share of Chinese EV sales, including battery and plug-in hybrids, slipped to 6.5 per cent in the first seven months of the year from almost 9 per cent a year earlier, according to data from Shanghai consultancy Automobility.
Elon Musk’s company, whose first-half Chinese sales of $9.2bn were down from $10.6bn in 2023, has not released a new EV in China since 2019, while other carmakers have launched more than 100 new models in the country this year alone.
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