Preliminary data from the China Passenger Car Association show Tesla sold 67,886 China-made vehicles in July, an 8.4% decline from a year earlier. The result adds to evidence that the intensifying price war in the world’s largest electric-vehicle market is pressuring margins and volumes for foreign brands. Local rivals are displaying mixed fortunes. BYD’s July deliveries fell 10% from June—the first monthly drop this year—though the Chinese manufacturer remains the domestic leader and has sold more than 2.1 million vehicles worldwide so far in 2025. SAIC Motor reported a 34% year-on-year jump to 337,500 units last month, with sales of new-energy vehicles surging 65% to 117,000. The broader sector continues to expand: the China Machinery Industry Federation said new-energy vehicles accounted for 44.3% of passenger-car sales in the first half, a record for the period. Battery suppliers CATL and BYD retained a combined 55.7% share of global EV battery installations in the same timeframe, according to SNE Research. Outside China, results were similarly uneven. Hyundai Motor’s global EV sales rose 50% year-on-year in July, while Volvo Cars reported a 14% drop in total sales to 49,273 vehicles, with fully electric models down 26% amid what the company called “challenging market conditions.”