Tesla's China-made EV sales fall 15% yoy in May

Tesla's China-made electric vehicle sales experienced a 15% decrease in May compared to the previous year, totaling 61,662 vehicles, according to CPCA data. However, deliveries of Model 3 and Model Y vehicles saw a 5.5% increase from April. Meanwhile, BYD, a Chinese competitor, witnessed a 14.1% year-on-year surge in passenger vehicle sales, reaching 376,930 units last month.