{"id":86516,"date":"2024-09-04T00:00:00","date_gmt":"2024-09-04T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2024\/09\/04\/teslas-sales-of-chinese-evs-surge-in-august\/"},"modified":"2024-09-04T00:00:00","modified_gmt":"2024-09-04T00:00:00","slug":"teslas-sales-of-chinese-evs-surge-in-august","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2024\/09\/04\/teslas-sales-of-chinese-evs-surge-in-august\/","title":{"rendered":"Tesla\u2019s sales of Chinese EVs surge in August"},"content":{"rendered":"

Tesla <\/strong>sees jump in China-made EV sales: <\/strong>Tesla\u2019s China-made EV sales increased by 3% y-o-y in August compared to the previous year, Reuters<\/a> reports, citing data from the China Passenger Car Association. Deliveries of the Model 3 and Model Y rose by 17% from July, driven by strong growth in smaller cities and extended incentives for local buyers. Despite global layoffs affecting its local sales force, Tesla's China sales are projected to reach 65k units in August, potentially marking the highest quarterly sales volume in China for 3Q 2024.<\/p>\n

Behind the increase:<\/strong> Tesla\u2019s success in China is bolstered by government endorsements and compliance with local data collection regulations, allowing its vehicles to enter previously restricted government compounds. The company has also introduced a zero-interest financing plan to attract cautious buyers amid economic uncertainties.<\/span><\/p>\n

REMEMBER- Tesla\u2019s also getting lower tariffs:<\/strong> The European Union is lowering<\/a> a planned tariff on Tesla\u2019s Chinese-made EVs to a 9% charge rather than the 20.8% originally proposed. The decision came after the EU reviewed its decision at the company\u2019s request.<\/p>\n

OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-<\/strong><\/p>\n