Try GOLD - Free
Tesla Flailing in China in the Wake of BYD's Rapid Rise
Mint New Delhi
|March 11, 2025
Among market shares of the top 12 automakers in China by sales for any type of car, Tesla, at No. 11, is well under 5%
It's almost unthinkable, but Tesla Inc., the company that comes to mind when most people think about electric vehicles, may have had its best days in China, the world's biggest and most advanced EV market.
Elon Musk's automaker has been backsliding in China for the past five consecutive months on a year-on-year basis, according to data from the country's Passenger Car Association. Tesla's shipments plunged 49% in February from a year earlier to just 30,688 vehicles, the lowest monthly figure since way back in July 2022, when it shipped just 28,217 EVs—and that was in the middle of Covid.
This story is from the March 11, 2025 edition of Mint New Delhi.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Mint New Delhi
Mint New Delhi
In India's car labs, Chinese models new benchmark
Walk into the vehicle development centre of any major Indian carmaker and you'll find dozens of rival cars stripped to their bones, engineers poring over every exposed circuit, nut and wire. Such 'benchmark-ing' helps companies understand why some models work while others don't, track technology trends, and plan their own vehicle roadmaps.
2 mins
November 17, 2025
Mint New Delhi
Insurance merger plan gets new life
Centre weighs consolidating National, Oriental, United
3 mins
November 17, 2025
Mint New Delhi
IFC, two others may pick 49% in green H₂ maker Hygenco
The World Bank's International Finance Corp. (IFC), Munich-headquartered Siemens AG, and Singapore's Fullerton Fund Management may acquire at least 49% in Gurugram-based green hydrogen manufacturer Hygenco Green Energies Pvt. Ltd, two people aware of the development said.
4 mins
November 17, 2025
Mint New Delhi
India's telecom spectrum: Who actually owns it?
On 13 November, the Supreme Court reserved its order on how spectrum held by Aircel and Reliance Communications (RCom) will be treated under their insolvency proceedings. The decision will bring clarity on whether spectrum can be sold to recover dues. Mint. explores.
2 mins
November 17, 2025
Mint New Delhi
‘Rise in earnings can bring FIIs back, elevate India’s global standing’
It’s still early, but if earnings turn around, much of the global underperformance over the past year could well be reversed, believes Trideep Bhattacharya, president and C1O-Equities, Edelweiss MF.
4 mins
November 17, 2025
Mint New Delhi
The ultrarich are spending a fortune to live in extreme privacy
When developers Masoud and Stephanie Shojaee dined out recently, they headed to the members-only section of MILA restaurant in Miami Beach, Fla., where they were whisked to a table already bearing their favorite cocktails and chopsticks engraved with their names.
5 mins
November 17, 2025
Mint New Delhi
Satellite internet firms may see fee cut for remote areas
Discount would apply to 5% annual spectrum charge that DoT plans to levy on the firms
2 mins
November 17, 2025
Mint New Delhi
Ravindran moves NCLT on TLPL deal
Riju Ravindran has moved the National Company Law Tribunal (NCLT) against the compulsory convertible debenture agreement between Think & Learn Pvt. Ltd (TLPL) anda wholly owned subsidiary of Glas Trust Co., edtech firm Byju’s US-based financial creditor, alleging it to be violative of foreign direct investment (FDI) and Foreign Exchange Management Act (Fema) regulations.
1 min
November 17, 2025
Mint New Delhi
Resilience spells hope as uncertainty reigns high
As trade-policy turmoil prolongs global uncertainty on an IMF index, we have some bright spots too. India should consider shifting focus from supply-side policies to demand stirrers
2 mins
November 17, 2025
Mint New Delhi
Urban co-op lenders eye online banking
The National Urban Cooperative Financial and Development Corp. Ltd (NUCFDC)—the umbrella body for India’s urban cooperative banks (UCBs)—plans to request the banking regulator to allow smaller UCBs with net worth below ₹50 crore to offer digital services, including internet banking.
1 min
November 17, 2025
Listen
Translate
Change font size