BEIJING (Reuters) -Tesla's sales of its China-made electric vehicles dropped 49.2% in February from a year earlier to 30,688 cars, the lowest since August 2022, as the U.S. automaker faces pressure from Chinese rivals in a relentless smart EV price war. Tesla, which makes its Model 3 and Model Y vehicles in China, sold 93,926 Chinese-made vehicles worldwide in the first two months, down 28.7% year-on-year, according to data from the China Passenger Car Association (CPCA). Still, Chinese rival BYD, with its Dynasty and Ocean series of EVs and plug-in hybrids, recorded a 90.4% increase in passenger vehicle sales to 614,679 units last month.
Well yeah, they’re heavier, more expensive, less developed, and much more poorly made than nearly any ev offering in China. Even Xiaomi’s new offerings are better in every way for half the price.
Add to that Musks sinophobia, and Tesla will be out of the market by the end of the decade.