December 11, 2024 9:33 AM | 2 min read , which continues to lead the market. While BYD’s insurance registrations were at 85,000 for the week ending December 8, Tesla saw a solid increase, registering 21,900 units, its second-best week of 2024. This marks a notable improvement compared to 18,700 registrations the prior week. Despite trailing BYD, Tesla’s progress shows that the company is steadily gaining momentum in the competitive Chinese EV market. Other players in the Chinese EV sector, such as Li Auto Inc. and new entrant Xiaomi Corp., are also making strides. Li Auto registered 12,600 units last week, while Xiaomi recorded 5,400 registrations, highlighting the growing competition Tesla faces in China. Price Action: TSLA shares are trading higher by 1.75% to $408.00 at last check Wednesday. Read Next: