Tesla's China-made EV sales fall 9.9% y/y in October (updated)

Pony AI

04/11/2025 09:22

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BEIJING, Nov 4 (Reuters) - Tesla's TSLA.O China-made electric vehicle sales fell 9.9% to 61,497 units in October from a year earlier, reversing a 2.8% increase in September, data from the China Passenger Car Association showed on Tuesday.

Sales of the U.S. automaker's Model 3 and Model Y vehicles made at its Shanghai "gigafactory", including exports to Europe, India and other markets, dropped 32.3% from September.

Its biggest Chinese rival, BYD 002594.SZ, 1211.HK, posted a 12% drop in global vehicle sales last month, a second consecutive month of decline and the steepest fall in nearly two years amid hyper-competition in the home market.

Tesla has not yet announced the availability on the Chinese market of the lower-cost versions of its best-selling Model Y SUVs and Model 3 sedans, which were unveiled last month.

In spite of the swift European roll-out of the new cars, which opt out of some premium features, Tesla sales resumed falling in a number of countries there, pointing to continued struggles on a continent that has been crowded with budget EVs.

By comparison, BYD has seen robust sales growth in Europe even while its growth on home turf hit a speed bump.

Tesla is also set to showcase its Cybercab in Shanghai from Wednesday. It remains unknown if Tesla has planned the robotaxi's roll-out on Chinese roads where local firms such as Baidu 9888.HK, Pony.ai PONY.O and WeRide WRD.O have been testing their robotaxis in various cities.

 (Reporting by Qiaoyi Li, Zhang Yan and Brenda Goh; Editing by Christopher Cushing and Conor Humphries)

 ((qiaoyi.li@thomsonreuters.com;))