Sales of electric vehicles made by Tesla in China rose 19.2% y/y in September By Reuters

BEIJING (Reuters) – Sales of U.S. carmaker Tesla (NASDAQ: ) electric vehicles made in China rose 19.2 percent in September from a year earlier, data from the China Automobile Association (CPCA) showed on Wednesday.

Shipments of China-made Model 3 and Model Y vehicles, which are also exported to various markets including Europe, rose 1.9 percent from the previous month.

Tesla sold more than 72,000 electric vehicles in China’s domestic market, up 66 percent year-on-year in its best month this year, according to a company statement on Thursday.

Chinese rival BYD ( SZ: ), with its Dynasty and Ocean lines of electric and plug-in hybrid vehicles, had its best month yet with a 45.56% year-over-year increase in passenger vehicle sales to 417,603 units in September.

The 33,012 BYD cars, or 7.9 percent of total sales, were sold overseas, the BYD filing showed.

Along with the increase in September, Tesla reported a 12 percent increase in sales of electric vehicles made in China in the July-September period, its first quarterly increase this year.

The U.S. EV giant has extended incentives to encourage consumers in the world’s biggest auto market, where rivals such as Xpeng (NYSE: ) and Nio (NYSE: ) have been racing to launch budget models.

It extended interest-free financing at the end of September for some Model 3 and Model Y cars in China by another month until the end of October.

Tesla also plans to produce a six-seater variant of its best-selling but aging Model Y in China from late 2025, Reuters reported.

The electric vehicle maker, which is set to unveil its robotaxi on October 10, said it is on track to launch advanced Full Self-Driving (FSD) driver assistance software in China and Europe next year, pending regulatory approval. regulation.