BEIJING, Dec 3 (Reuters) - U.S. automaker Tesla's
's sales of China-made electric vehicles fell 4.3%
year-on-year to 78,856 in November, data from the China
Passenger Car Association (CPCA) showed on Tuesday.
Deliveries of China-made Model 3 and Model Y vehicles
recorded a 15.5% increase from the previous month.
Chinese rival BYD, with its Dynasty and Ocean
lineups of EVs and plug-in hybrids, hit yet another monthly
record high with passenger vehicle sales up 67.2% year-on-year
to 504,003 units last month.
Overseas shipments made up 6.1% of the total sales, per a
company filing.
Tesla has ramped up China incentives at the year end with a
time-limited 10,000 yuan ($1,375.89) discount on outstanding
loans for its best-selling Model Y, as it lost ground amid a
BYD-led cost-cutting competition.
The U.S. carmaker extended zero-interest financing of up to
five years for some Model 3 and Model Y cars in China by another
month to end-December, the fifth such extension since it rolled
out the scheme in July.
Tesla's share of the world's largest EV market shrank to 6%
in sales terms in October, nearly half the September level and
the lowest in a year, according to Reuters' calculations based
on CPCA numbers.