In 2024, Tesla’s sales in China reached a record high of over 657,000 cars, with a 8.8% increase from the previous year. Despite this success, the company has been facing tough competition from Chinese electric vehicle manufacturers, leading to a decrease in market share from 7.8% in 2023 to 6% in 2024. Analysts express concerns about Tesla’s ability to sustain its momentum in 2025 due to limited product offerings and increasing competition from local players.
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Tesla posted record China sales in 2024. But this year is going to be tough as competition heats up
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