Tesla’s China sales could hit new record in Q2, but market share likely to shrink – analysts
COMPANY NEWS DATA VIEWS & ANALYSIS
Tesla’s China sales could hit new record in Q2, but market share likely to shrink – analysts
COMPANY NEWS DATA VIEWS & ANALYSIS

Tesla’s China sales could hit new record in Q2, but market share likely to shrink – analysts

 

>>REAL-TIME UPDATES IN THE WIRE. CLICK HERE<<<

 

 

US electric vehicle maker Tesla could sell 155,000 cars in China in the second quarter, hitting a new record high and rising by from the previous record in the first quarter, according to estimations China Merchants Bank International Securities.

However, Tesla’s share in China’s battery electric car market would shrink in the quarter to 13.7% from 16% in the first three months, while BYD and Aion, the EV band of Guangzhou Automobile Group, gained share, it added.

Deutsche Bank predicted Tesla’s China sales to hit 153,000 units in the second quarter, while globally it could sell 448,000 units in total.