[ad_1]
SHANGHAI: Tesla's vehicle sales in China fell 70 percent last month compared to last year, the company's country-owned tourism association said on Tuesday (Nov. 27). Sino-US trade war was affecting the US manufacturer of electric cars.
An official of the China Passenger Car Association said that industry data indicated that Tesla had sold only 211 cars on the world's largest car market in October.
Tesla has not responded to repeated calls and written requests for comments on Tuesday.
The maker of electric cars, which imports all cars sold in China, said in October that tariff increases on auto imports had a negative impact on its sales in that country. In July, Beijing raised tariffs on US motor vehicle imports to 40%, as the trade stalemate widened with the United States.
While new energy vehicle sales have continued to increase in China, auto sales have slowed sharply since the middle of the year, bringing the market to the brink of the first contraction of its markets. annual sales in almost three decades.
Tesla, led by billionaire CEO Elon Musk, said last week that it was reducing the price of its X and S model cars in China as part of a strategy shift to make cars "more" affordable "and to further absorb the impact of rate increases.
Tesla has recently secured the site of its first Shanghai plant in Shanghai, which will help it avoid very high prices.
(Report by Yilei Sun and Adam Jourdan, edited by Himani Sarkar)
Source link
