Tesla Sales in China Drop 11.5%, BYD Surge 47.5%
* Tesla:
* Sold 63,238 China-made electric vehicles in January
* Sales declined 11.5% year-over-year
* Model 3 and Model Y deliveries fell 32.6% from December
* BYD:
* Sold 296,446 passenger vehicles in January
* Sales increased 47.5% year-over-year
* Dynasty and Ocean series EVs and plug-in hybrids drove growth
Despite the market challenges, Tesla remains a major player in China's EV market. BYD's strong performance reflects the growing popularity of Chinese-made EVs.