Tesla China
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Tesla Sales in China Hit 3-Year Low
Tesla’s China sales have hit a three-year low due to intense competition from domestic EV makers like NIO, Li Auto, Xiaomi, and Leapmotor, along with an economic slowdown and resulting price war. Local brands offer innovative, affordable options, gaining market share. While Tesla awaits FSD approval, analysts emphasize model refreshes are crucial for staying competitive in China’s rapidly evolving EV market where Chinese automakers like Xiaomi, BYD and XPeng starting to impact Tesla’s sales.
