Tesla (TSLA) delivers 77,695 China-made EVs in May

Newly released data from the China Passenger Car Association (CPCA) shows that electric automaker, Tesla, Inc. (NASDAQ: TSLA) delivered 77,695 China-made electric vehicles (EV) in May. This marks a 142% increase when compared to the same month in 2022 when production was affected by COVID-19 containment measures in Shanghai.

ival Chinese automaker BYD Co Ltd, with its Dynasty and Ocean series of EVs and petrol-electric hybrid vehicles, logged sales of 239,092 vehicles in May, up 14% from April, CPCA data showed.

CPCA is scheduled to release more detailed car sales figures for May later this month.

Tesla CEO Elon Musk wrapped up a two-day trip to China on Thursday, which included meetings with Chinese Vice Premier Ding Xuexiang in Beijing. This was Musk's first visit to China in three years and comes at a time when the company is facing fierce competition from Chinese-made EV manufacturers and uncertainty about expanding its Shanghai plant.

Musk also paid a visit to Tesla's Shanghai factory late on Wednesday and had a meeting with Chen Jining, the ruling party's Shanghai secretary, on Thursday. According to a statement from the municipal government, Chen warmly welcomed Tesla and encouraged them to invest more and expand their business in the city.

Shares of TSLA are up 1.43% in pre-market trading on Monday.

By Michael Elkins | [email protected]

You May Also Be Interested In

• Tesla (TSLA) falls as UAW making progress in Ford labor talks
• Barclays Sees Q3 Deliveries 'Miss' from Tesla (TSLA)
• New Thailand PM discusses EVs with Tesla (TSLA) CEO Elon Musk