BEIJING, March 4 (Reuters) - Tesla's
(TSLA.O), opens new tab sales of its China-made electric vehicles dropped 49.2% in February from a year earlier to 30,688 cars, the lowest since August 2022, as the U.S. automaker faces pressure from Chinese rivals in a relentless smart EV price war.
Tesla, which makes its Model 3 and Model Y vehicles in China, sold 93,926 Chinese-made vehicles worldwide in the first two months, down 28.7% year-on-year, according to data from the China Passenger Car Association (CPCA).
January-February sales were distorted by the Lunar New Year holiday shifting from February last year to late January this year and due to a partial suspension of Model Y production for upgrade work.
Still, Chinese rival BYD
(002594.SZ), opens new tab, with its Dynasty and Ocean series of EVs and plug-in hybrids, recorded a 90.4% increase in passenger vehicle sales to 614,679 units last month.
