In October, Tesla dropped out of the top 10 list of NEV brands in China, selling 8,817 vehicles. This follows a fourth-place ranking in September. For comparison, BYD led the market with 250,301 units sold, while Geely and Leapmotor secured second and third places with 131,708 and 83,573 vehicles, respectively.
Other manufacturers showed significant activity. Nio reported 34,030 sales, and Li Auto reached 27,018 units. Xiaomi Auto moved up to sixth place, selling 50,123 vehicles, marking a 25.3% increase compared to September. This growth rate was the highest among the top ten brands.
Year-to-date performance for Tesla in China shows 389,905 units sold from January to October, a 15% decline compared to the same period last year. Consequently, the company fell from fifth to seventh place in the overall rankings. Meanwhile, BYD maintains its lead with 1.945 million vehicles sold since the start of the year.
The broader Chinese automotive market experienced a 27.1% year-on-year decline in October, totaling 1.643 million vehicles. Sales of NEV models dropped by 13.7% to 1.109 million units. Despite the overall market contraction, NEVs reached a record 67.5% share of total retail sales for new passenger cars.
