Tesla’s China-Made EV Sales See Modest Growth in June, Ending Recent Decline

Tesla’s (NASDAQ:TSLA) China-made electric vehicle sales edged up slightly in June, breaking a recent decline, according to new figures from the China Passenger Car Association released Wednesday. The automaker sold 71,599 units last month, marking a 0.8% increase compared to June of the previous year.

Shipments of Model 3 and Model Y cars produced at Tesla’s Shanghai factory climbed 16.1% from May, driven by steady demand both domestically and in export markets across Europe and beyond.

In contrast, Tesla’s main local rival, BYD (USOTC:BYDDY), reported a stronger performance with its worldwide vehicle deliveries rising 11% year-over-year. The Chinese manufacturer handed over 377,628 units globally in June.

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