Tesla Inc. ( TSLA, Financial) announced a 4.3% year-over -year decline in November China-made EV sales to 78,856 units, as reported by CPCA. However, its Model 3 and Model Y vehicle sales increased by 15.5% compared to the previous month.

Tesla and its Chinese rival BYD Co. have reignited their price war, with both EV makers offering big discounts as they battle for supremacy in the world’s biggest auto market.

China’s top maker of electric vehicles (EV) wants to pay a lot less for car parts in the new year, a demand that signals there is no end in sight to a vicious price war nor economic gloom marked by lower wages and uncertain prospects.

Tesla dominates premium EV market, while BYD reshapes mid-tier and budget markets with affordability. Despite Tesla's bullish surge, BYD struggles.

Tesla’s Australian electric vehicle sales remain in free fall after November became the eighth-straight month of year-on-year sales decline for Elon Musk’s autogiant amid a growing wave of competition from Chinese rivals.