Tesla sells 56,515 China-made vehicles in February, local deliveries up ~20% sequentially
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Tesla (NASDAQ:TSLA) reports China-made electric cars sales slipped 5.6% M/M and grew more than 200% Y/Y in February. The total number of Tesla's China-made cars was 56,515 units in February vs. 59,845 units in January - Reuters.

In December, the company sold 70,847 China-made cars, vs. 52,859 units in November.
Tesla (TSLA) exported 33,315 units in February vs. 40,499 in January, 245 in December and 21,127 in November.
Local deliveries were 23,200 cars vs. 19,346 in January.
Chinaâs passenger vehicle sales rose 4.7% Y/Y in February to 1.27M units, driven by strong growth from new-energy vehicles.
Deliveries of NEVs soared about 180% to 272,000 units, led by Warren Buffet-backed Chinese EV giant BYD (OTCPK:BYDDF). It shipped 87,473 hybrid and pure-electric vehicles in February vs. 93,168 in January.
Chinese EV maker Nio (NYSE:NIO) delivered 6,131 cars in February, up 9.9% Y/Y; Li Auto (NASDAQ:LI) delivered 8,414, up 265.8% Y/Y and XPeng (NYSE:XPEV) delivered 6,225 vehicles, up 180% Y/Y.
China Passenger Car Association Secretary General Cui Dongshu said, " âWe should aim at fulfilling our production targets no matter how expensive raw materials become. Prices of every key raw material are rising, which may boost the battery recycling industry."
Price of nickel surged by as much as 250% over the past two days.
He forecast the price of nickel should stabilize by mid-year, noting that Russia isnât the only source of the metal used in EV batteries.
Last week, the company won approval for German Gigafactory.
Shares up 1.3% premarket.