Stock Groups

Tesla sold 52,859 China-made vehicles in November

by Mike Robinson

[ad_1]

2/2
© Reuters. FILE PHOTO – Tesla China’s Model 3 cars are seen at a factory delivery in Shanghai on January 7, 2020. REUTERS/Aly SONG/File Photos/File Photograph

2/2

BEIJING (Reuters) – U.S. manufacturer of electric vehicles Tesla (NASDAQ) Inc sold 52 859 China-made cars in November. 21127 were exported, said the China Passenger Car Association.

Tesla is producing Model 3 sedans in Shanghai and Model Y sports-utility cars in Shanghai. In October, 54,391 Chinese-made vehicles were sold, with 40,666 of these vehicles exported.

Chinese EV maker Nio (NYSE.) Inc 10.878 cars in the last month. That’s a monthly record. Xpeng(NYSE.:) Inc delivered 15.613 vehicles. Volkswagen AG (OTC) reported that it has sold more than 14,000 ID. series EVs were sold in China during November.

CPCA stated that China saw a 12.5% drop in passenger car sales between November 2011 and November 2012.

Disclaimer: Fusion MediaWe remind you that this site does not contain accurate or real-time data. CFDs are stocks, indexes or futures. The prices of Forex and CFDs are not supplied by the exchanges. They are instead provided by market makers. As such, prices could be incorrect and different from market prices. This means that prices are only indicative and are not suitable for trading. Fusion Media is not responsible for trading losses that may be incurred as a consequence of the use of this data.

Fusion MediaFusion Media or any other person involved in the website will not be held responsible for any loss or damage resulting from reliance on this information, including charts, buy/sell signals, and data. You should be aware of all the potential risks and expenses associated with trading in the financial market. It is among the most dangerous investment types.

[ad_2]