Shanghai plant loses momentum one month after an increase in deliveries halted an eight-month decline
The factory handed 67,886 Model 3 and Model Y vehicles to customers in mainland China and abroad in July, down 8.4 per cent from a year earlier, according to data from the China Passenger Car Association (CPCA). Deliveries fell 5.2 per cent from June.
“Premium models are increasingly losing their lustre among Chinese consumers because they want to save money,” said Tian Maowei, a sales manager at Yiyou Auto Service in Shanghai. “Consumers all flocked to cheaper, Chinese-developed electric cars.”
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