Tesla's Shanghai EV Deliveries Rise 9.3% in January as China Demand Stays Soft

In January, Tesla delivered 69,129 China-made electric vehicles from its Shanghai plant, up 9.3% from 63,238 units a year earlier, while competitors lost momentum in a slowing market. The figures from the China Passenger Car Association placed Tesla third behind BYD and Geely, with much of its output likely headed for export as domestic demand remained weak. Rising battery metals, copper, aluminum, and chip costs are squeezing margins across the EV sector, prompting Tesla to roll out aggressive zero-interest and low-rate financing offers in China instead of launching new models.