On Tuesday, the China Passenger Car Association (CPCA) said that Tesla (TSLA.O) sold 88,869 Chinese-made electric cars (EVs) in March for domestic and export sales, rising 35.0% from a year earlier.
The U.S. electric vehicle producer shipped 74,402 China-made Model 3 and Model Y electric cars in February, up 19.4%.
CPCA statistics revealed BYD sold 206,089 Dynasty and Ocean EVs and hybrids last month, jumping 97.5% from a year earlier.
From January to March, Tesla delivered a record number of vehicles globally. Still, despite price reductions, quarter-over-quarter sales growth remained muted due to increased competition and a gloomy economic outlook.
According to data from China Merchants Bank International (CMBI), which totaled 122,801 units as of March 26 and represented 13% of China’s new energy car sales, which include both pure electric and plug-in hybrid vehicles, Tesla’s retail sales in China are on track to have their best quarter in the first three months.
CMBI statistics revealed BYD’s 41% share.
