Tesla's China Market Share Drops
This is a China news story, published by CNBC, that relates primarily to Warren Buffet- news.
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Chinese electric carmakersCNBC
•Technology
Technology
Tesla posted record China sales in 2024. But this year is going to be rough as competition heats up
85% Informative
U.S. electric vehicle maker saw annual sales in China jump 8.8% to a record high of more than 657,000 cars in 2024 .
Tesla has been losing market share to Chinese new-energy-vehicle players.
Analysts say Tesla is struggling to keep pace and has a limited and aging product portfolio.
Tesla 's sales of China -made EV cars including exports to foreign markets fell modestly by 0.4% from a year ago to 93,766 units in December .
Warren Buffet- backed BYD overtook Tesla as the world's top-selling EV company in the last quarter of 2023 .
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