domestic rivals

Tesla’s Shanghai Gigafactory reported its highest monthly deliveries of the year in May, with 85,982 Model 3 and Model Y vehicles delivered, a 39.4% increase from the previous year. However, the company faces growing competition from domestic rivals introducing new models.

Tesla’s Shanghai Gigafactory reported a 39.4% year-over-year increase in May deliveries, reaching 85,982 Model 3 and Model Y vehicles. However, the company faces growing competition from domestic rivals launching new models in China’s recovering electric vehicle market.