06:27 AM EDT, 08/02/2024 (MT Newswires) -- Tesla's (TSLA) sales of electric vehicles manufactured in China increased by 15.3% year-over-year, reaching 74,117 units in July, Reuters reported on Friday, citing the China Passenger Car Association (CPCA).

Deliveries of the China-made Model 3 and Model Y rose by 4.4% compared to June, the report said.

The report added that the company's Chinese competitor BYD recorded a monthly high with a 30.5% year-on-year increase in passenger vehicle sales, totaling 340,799 units in July, driven by its Dynasty and Ocean EV and plug-in hybrid lines.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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