Tesla's Shanghai Gigafactory recorded lower July deliveries amid rising competition from Chinese electric vehicle makers, reported the South China Morning Post
Tesla's Shanghai Gigafactory recorded lower July deliveries amid rising competition from Chinese electric vehicle makers, reported the South China Morning Post. Tesla handed over 67,886 Model 3 and Model Y vehicles from its Shanghai plant in July, an 8.4 per cent decline year-on-year, according to the China Passenger Car Association. Compared with June, deliveries fell 5.2 per cent.
The downturn followed a brief rebound in June, which ended an eight-month delivery slump. Industry experts suggest Chinese buyers are shifting toward more affordable locally-developed electric cars, as premium models lose appeal.
'Consumers all flocked to cheaper, Chinese-developed electric cars,' said Tian Maowei, a Shanghai sales manager at Yiyou Auto Service, commenting on the growing price-conscious trend among EV buyers.
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