Tesla's Model Y loses China's top-selling spot to Geely's Xingyuan

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Summary · why it matters

Tesla's Model Y has lost its position as China's best-selling car model to Geely's Xingyuan electric hatchback. Geely's Xingyuan led the market with nearly 197,500 vehicles sold during the six months through July, while Tesla's Model Y ranked second with more than 180,000 sales. The Xingyuan starts below 100,000 yuan, or about $14,820, compared with the Model Y's price range of 263,500 yuan to 313,500 yuan. Despite the price gap, Tesla still outsold competing vehicles from Li Auto, Xiaomi and BYD. New-energy vehicles accounted for 65.1% of new passenger-car sales in July, up from 54% a year earlier.

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Model Y lost top-selling spot to Geely's Xingyuan in China.

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