Sales of new vehicles suffered a terrible setback in China last April. The “zero Covid” policy put in place by the authorities of the Middle Kingdom is not without consequences, especially for Tesla…
A collapse ! Last month in China, registrations of new vehicles plunged by 47.6%, at the comparable period of 2021, indicating our colleagues from autoactu.com. A tumble that can largely be attributed to collateral effects of the “zero Covid” policy (confinement, closing of factories…) by the Chinese Communist Party, in order to avoid a resumption of Covid-19 in China…
Car sales fell to a record low last month in China, the world’s biggest car market, as strict Covid-19 lockdowns continue to wreak economic havoc – and no automaker has suffered more than Tesla . https://t.co/HXdzZZEx2y
— CNN International (@cnni) May 11, 2022
Tesla is expensive
Moreover, over the first four months of the yearcar sales in China – the world’s biggest auto market – charged a decrease of 12% compared to the corresponding period last year, according to figures released on Wednesday by the National Association of Automobile Manufacturers. On the manufacturer side, Tesla suffered particularly last month in China with a drop in sales which reached… – 98% in April 2022the confinement imposed on Shanghai having severely disrupted the activity of its mega-factory with exports reduced to nil during the month that has just passed.
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