Tesla's August car sales in China were higher than in any other month so far this year, but it still faces challenges from domestic brands.
Despite achieving the highest monthly sales of the year, Tesla's market share in the New Energy Vehicles sector has decreased from nearly 9% to 6.5%.
China's domestic NEV market is expected to surpass 1 million vehicles in August, reflecting a significant growth of 42% compared to the previous year.
The shift in demand from pure EVs to plug-in hybrids highlights changing consumer preferences, impacting Tesla's competitive position in the market.
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