Tesla Loses China Market Share As Affordable EV Models Gain Ground
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MSN
Tesla Loses China Market Share As Affordable EV Models Gain Ground
Tesla’s China sales fell to a three-year low as competition from Xiaomi, Leapmotor, and Geely intensified amid a weaker economy. Xiaomi posted record EV sales, and Geely continued to dominate with ultra-low-cost models, while analysts kept a Hold rating on Tesla with downside risk. Musk still expects FSD approval in China by early 2026.
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