Tesla’s China sales rebounded in May on financing incentives and stronger demand, but local competitors are gaining momentum.

Chinese EV companies are in the middle of a major international push as they try to rival Tesla's global success.

Consumer willingness to embrace new tech, along with cash subsidies from local governments, gave the EV sector a much-needed boost.

Tesla’s China sales rebounded in May on financing incentives and stronger demand, but local competitors are gaining momentum.

Sales of Tesla's China-made electric vehicles rose by nearly 40% in May amid a broader recovery in the country's competitive market.