Tesla’s China-made EV sales fall 11.5% y/y in January

BEIJING (Reuters) – U.S. automaker Tesla’s sales of China-made electric vehicles fell 11.5% to 63,238 units in January from a year earlier, data from the China Passenger Car Association showed on Friday.

Deliveries of China-made Model 3 and Model Y vehicles were down 32.6% from December.

Chinese rival BYD, with its Dynasty and Ocean series of EVs and plug-in hybrids, sold 296,446 passenger vehicles last month, a 47.5% increase on the year, but a 41.8% decline from the prior month.

(Reporting by Qiaoyi Li, Zhang Yan and Brenda Goh. Editing by Mark Potter)