|Visitors inspect a Tesla Model 3 automobile next to a Model Y shown at a showroom of the U.S. electric vehicle (EV) company in Beijing, China February 4, 2023. REUTERS/Florence Lo|
BEIJING/SHANGHAI, May 5 (Reuters) - Tesla Inc (TSLA.O) delivered 75,842 China-made electric cars (EVs) in April, down 14.7% from March, figures from the China Passenger Car Association (CPCA) revealed on Friday.
The amount was nonetheless a considerable spike from a year earlier, when the city of Shanghai - where Tesla has a manufacturing - was under COVID-19 lockdown. In April last year, the business delivered just 1,512 China-made Model 3 and Model Y automobiles in the world's biggest auto market.
Local competitor BYD Co (002594.SZ), with its Dynasty and Ocean series of EVs and hybrids, sold 209,467 cars in April, CPCA statistics showed, up 1.6% from March.
CPCA is anticipated to reveal more specific China auto sales numbers for April next week.
Tesla has lowered prices in numerous areas internationally and kickstarted a pricing war in China that since the start of the year has seen more than 40 local and foreign auto companies join in.
The price cuts have affected manufacturers' profitability, with Tesla reporting a 24% dip in first-quarter net income even while its quarterly worldwide deliveries set a new all-time record.
The EV company has however this week gone in the other way, hiking prices by up to $290 on its two top-selling models - Model Y and Model 3 - in Canada, China, Japan and the United States on Monday.
On Friday, it boosted pricing for its new Model S and Model X automobiles in China by 19,000 yuan ($2,751).
Tesla is readying shipments of a variant of the Model Y to Canada this year from its Shanghai plant, the first time it would transport vehicles to North America from China, according to a person with direct knowledge of the plan and a production note seen by Reuters.
($1 = 6.9060 Chinese yuan renminbi)