financetom
Business
financetom
/
Business
/
Tesla's China sales fall to 3-year low amid tepid demand
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Tesla's China sales fall to 3-year low amid tepid demand
Nov 10, 2025 8:56 PM

(Corrects name of Xiaomi model to YU7 SUV, not YU SUV, in paragraph 7)

BEIJING (Reuters) -Tesla's sales in China dropped to 26,006 vehicles in October, their lowest in three years, as the U.S. electric vehicle maker struggles with tepid demand in the hyper-competitive market.

Sales fell 35.8% from a year earlier, down from September's figure of 71,525 when Tesla began deliveries of the Model Y L, a longer-wheelbase and six-seat version of its best-selling Model Y SUV until now only available in China.

Its exports of China-made vehicles rose to a two-year high of 35,491 units last month, however, data from the China Passenger Car Association showed on Monday.

Tesla's share of China's EV market shrank to just 3.2% in October, down sharply from 8.7% the previous month and its lowest in more than three years.

Tesla's poor performance in the world's largest auto market follows dismal sales last month in European countries such as Germany, Spain, the Netherlands, and the Nordics, in the latest sign that it continues to struggle on the continent.

The company faces mounting pressure in China, its second-largest market after the United States in the third quarter.

Xiaomi, with its Tesla challengers, the SU7 sedan and the YU7 SUV, posted record sales of 48,654 units last month, even as accidents involving its sedans stoked EV safety concerns.

China's overall car sales fell expectedly in October, as consumer sentiment weakened amid diminished government subsidies and tax breaks.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Sage Therapeutics Says Phase 2 SURVEYOR Trial Met Primary Endpoint
Sage Therapeutics Says Phase 2 SURVEYOR Trial Met Primary Endpoint
Jun 11, 2024
07:39 AM EDT, 06/11/2024 (MT Newswires) -- Sage Therapeutics ( SAGE ) said Tuesday that its phase 2 SURVEYOR trial met its primary endpoint, exhibiting a statistically significant difference between healthy participants and patients with Huntington's disease before treatment with the investigational drug dalzanemdor or placebo. Dalzanemdor was found to be safe and generally well-tolerated in the trial, which was...
General Motors' Board Approves $6 Billion Share Repurchase Program
General Motors' Board Approves $6 Billion Share Repurchase Program
Jun 11, 2024
07:33 AM EDT, 06/11/2024 (MT Newswires) -- General Motors ( GM ) said Tuesday that its board of directors has approved a new share repurchase program to buy back up to $6 billion of the company's outstanding common stock. The company launched a $10 billion accelerated share repurchase program in November 2023, with about $1.4 billion in remaining capacity under...
Market Chatter: CVS Store-Brand Medications Face Quality Concerns and Higher Recall Rates
Market Chatter: CVS Store-Brand Medications Face Quality Concerns and Higher Recall Rates
Jun 11, 2024
07:41 AM EDT, 06/11/2024 (MT Newswires) -- CVS Health ( CVS ) store-brand medications have a higher recall rate than competitors due to quality issues at factories, including contaminated water in production, drugs being too potent and manufacturing oversight, Bloomberg reported on Tuesday. Over the past decade, CVS's store-brand medications have been recalled about two times more than those from...
Market Chatter: Mastercard to Discontinue Manual Card Entry for Online Payments in Europe by 2030
Market Chatter: Mastercard to Discontinue Manual Card Entry for Online Payments in Europe by 2030
Jun 11, 2024
07:30 AM EDT, 06/11/2024 (MT Newswires) -- Mastercard ( MA ) will not require Europeans to provide their card numbers manually when checking out online starting in 2030, CNBC reported Tuesday. A randomly-generated token will replace the traditional 16-digit card entry, no matter what platform or device the customer is using, according to the report. (Market Chatter news is derived...
Copyright 2023-2026 - www.financetom.com All Rights Reserved