Tesla's April sales of China-made EVs down 14.7% from March
Local rival BYD Co, with its Dynasty and Ocean series of EVs andCPCA is expected to release more detailed China car sales figures for April next week.
Tesla has cut prices in several markets globally and kickstarted a price war in China that since the start of the year has seen more than 40 local and international car brands join in. The price cuts have lowered automakers' earnings, with Tesla reporting a 24% plunge in first-quarter net income even though its quarterly global deliveries reached a fresh all-time high.
The EV giant has however this week moved in the opposite direction, raising prices by up to $290 on its two top-selling models — Model Y and Model 3 — in Canada, China,
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