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DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
Tesla's China sales are facing challenges with a 5.4% QoQ and 14.5% YoY decline in insured registrations. BYD sees a YTD high in weekly sales in China. Consumer interest in EVs is declining in both China and the US, impacting market shares.
🗞️ The EV market is experiencing a meaningful slowdown in demand leading to a fierce price war that is particularly challenging for industry leaders like @Tesla and even more so for newer, less established companies. https://t.co/LBTWRSbcte https://t.co/2dNcgOvcIV
BYD just hit a new weekly EV sales record for 2024 in China ahead of key model launches https://t.co/eS3KfuCmcL by @EVPeteJohnson
The total electric/hybrid share of new US vehicle sales dropped in Q1, led by the first fall in EV market share since the start of the pandemic. Tough start to the year for EV makers, especially Tesla. https://t.co/PpYU607sR8
