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Tesla's China Comeback: July Sales Surge 15% Year-On-Year Despite Overall NEV Market Dip

Tesla, Inc.’s (TSLA) sales of vehicles produced in China showed a slight recovery last month. According to data released today by the China Passenger Car Association (CPCA), Tesla China sold 74,117 vehicles in July, which includes both domestic sales and exports to international markets, reported CnEV Post. This represents a 4.38% increase from the 71,007 vehicles sold in June and a 15.29% rise compared to the 64,285 vehicles sold in the same month last year. According to the CPCA, China’s wholesale sales of new energy vehicles (NEVs), including plug-in hybrid electric vehicles (PHEVs) and battery electric vehicles (BEVs), were estimated at 950,000 units ...