Tesla Inc saw sales of its China-made electric vehicles tank to their lowest since August 2022 in February as rivals enjoyed improvements.
According to the China Passenger Car Association, some 30,688 Chinese-built Teslas were sold over the month, marking a 49.2% drop against February last year.
Sales over the first two months of 2025 were down 28.7% year on year at 93,926 as a result, the figures also showed.
Tesla makes Model Y and Model 3 vehicles in China, with many exported to Europe, where separate data previously also showed plummeting sales in January.
Chinese producers have been locked in a heated price war in recent years, as rivals have also launched a string of new models to combat 2023 and 2024’s best seller, the Model Y.
BYD Co, which has tussled with Tesla for the spot as the world’s largest EV maker, over the weekend unveiled a 164% jump in EV sales to 322,846 last month.
NIO Inc, XPeng Inc and Li Auto also recorded year over year increases despite ramped up competition within the sector.
Tesla shares were down 4.5% at $271.74 in pre-market trading on Tuesday.