In November, sales of Tesla vehicles produced in China declined by 4.3% compared to the same month last year.

As reported by the China Passenger Car Association, Elon Musk’s electric vehicle company sold 78,800 cars in the country during this period.

This performance contrasts sharply with the impressive growth of BYD, a domestic electric vehicle leader that Tesla is increasingly compared to.

BYD, which stands for Build Your Dreams, recorded a remarkable year-on-year sales increase of 67.2%, totaling 504,000 vehicles sold.

The Chinese automotive sector, currently the largest globally, has faced challenges such as oversupply and consumer cost of living concerns.

Despite Tesla’s efforts to stimulate sales through discounts, the company’s figures have struggled in a market where price cuts have become common among all automakers.

According to Reuters, Tesla’s market share in China, where a growing number of models are categorized as “new energy” or electrified vehicles, has now dropped to 6%.