*TESLA, BYD'S CHINA EV DELIVERIES HIT RECORD HIGH IN Q2 $TSLA 🇨🇳🇨🇳
BEIJING/SHANGHAI -U.S. automaker Tesla and its chief Chinese rival BYD achieved record deliveries of their China-made vehicles in the second-quarter, China Passenger Car Association data showed, as a fight for market share heats up.
The U.S. automaker sold 247,217 China-made cars over April-June, the most since it started delivering vehicles from Shanghai in early 2020, the data also showed. Tesla reported record deliveries of 466,140 globally for the second quarter. This was also the first time BYD's monthly sales surpassed 250,000 units and meant that between April to June, BYD delivered 700,244 vehicles, the data showed.
The companies' sales surge point to how they are so far managing to stay ahead of their competition even as overall auto sales slow in China amid a softening economy.
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