Tesla Sells Nearly 60,000 China-Made Vehicles In January

U.S. electric vehicle maker Tesla (TSLA) sold 59,845 China-made vehicles in January, the China Passenger Car Association (CPCA) has announced.

Tesla, which manufactures Model 3 sedans and Model Y sport utility vehicles (SUVs) at its production facility in Shanghai, sold 70,847 China-made vehicles in December.

Chinese electric vehicle makers Nio (NIO) delivered 9,652 cars in January, a 33.6% year-over-year increase, while Xpeng (XPEV) delivered 12,922 vehicles during the first month of 2022.

CPCA said passenger car sales in January in China totalled 2.11 million, down 4.5% from a year earlier. Consumer shopping in the country of 1.4 billion people has been hurt by new outbreaks of COVID-19 and lockdown measures meant to contain its spread.

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