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Chinese EV Manufacturers Surge as Tesla's Sales Drop

share-iconPublished: Friday, January 03 share-iconUpdated: Friday, January 03 comment-icon11 months ago
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BUSINESSINSIDER
Chinese EV Manufacturers Surge as Tesla's Sales Drop

Credited from: BUSINESSINSIDER

  • Chinese auto companies like BYD, Nio, and Xpeng are outpacing Tesla this week.
  • Tesla reported a 1% drop in annual vehicle deliveries, marking its first decline in over a decade.
  • In contrast, BYD saw a 12% increase in vehicle sales, delivering 1.76 million cars in 2024.
  • Nio and Xpeng also posted significant sales growth, with 38.7% and 34% increases, respectively.
  • Tesla faces stiff competition as it resorts to price cuts and incentives to maintain market position.

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China Ev makers Tesla Byd Nio Xpeng Electric vehicles Sales increase
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