Tesla's China-made EV sales rise 24.4% year on year in June

BEIJING, July 2 (Reuters) - Tesla's ‌China-made electric ​vehicle ​sales rose for an eighth month in June, supported by an extended recovery in the U.S. automaker's ‌European sales.

Deliveries of Model 3 and Model Y ⁠vehicles made in its Shanghai plant, which is also an export hub ‌for Europe, grew 24.4% from ‌a year earlier to 89,091 units, data from the China Passenger Car Association showed on Thursday. The increase followed ​a 39.4% gain in May.

For the second quarter, Tesla's combined China sales and exports from the Shanghai factory ⁠were up 32.8% year-on-year.

Later on Thursday, the EV specialist is expected to report a ​5% year-over-year increase in global vehicle deliveries to 402,780 vehicles over the past quarter, buoyed by stronger ​demand in Europe where a ‌spike in fuel prices following the U.S.-Israel conflict with Iran has prompted more consumers to turn ⁠to EVs.

The recovery in Europe and resilient demand in China are expected to help offset declining sales in North America.

Even so, the ⁠results could leave the door for its biggest Chinese rival, BYD, to ​retake the title of the world's top EV seller after briefly ceding it to Tesla in the first quarter.

BYD, which posted a second ‌consecutive month of sales growth in June, sold 557,090 battery-electric vehicles globally in the second quarter, ‌underlining the strength of its overseas expansion, particularly in Europe, ⁠as it seeks to ‌diversify beyond China's fiercely ​competitive domestic market.

(Reporting by Qiaoyi Li, Zhang Yan and Ju-min Park; editing by Barbara Lewis and Louise ‌Heavens)

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