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المشهد العربي
Tesla China's sales growth slows
Tesla China's sales experienced limited growth of only 3.6% in August, totaling 86,166 vehicles. This marked a significant decline compared to July's 38% growth. The slowdown comes amid increasing competition from local companies like BYD, which achieved foreign revenues exceeding their domestic sales for the first time this year. These challenges led Tesla's market share in China to shrink to 6.6% in the second quarter, down from 15% in 2020, prompting the company to focus more on exporting from its Shanghai factory.
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