Tesla's China-Made Model Y Takes Off Despite Holiday Car Sales Slump
Tesla announced on New Year's Day its China-made Model Y would begin deliveries at a price that Chinese media said was 30% cheaper than previously announced. The Model Y was popular even though car sales typically fall during the week-long Lunar New Year holiday, which was in February this year. Nationwide passenger car sales fell 45.5% in February from January, according to the association. For the first two months of the year, that data showed nearly 3.34 million passenger cars have been sold in China, with new energy vehicles accounting for 7.5%. Chinese electric car start-ups Xpeng and Li...
Source: nbcdfw.com