Tesla car sales in China fall 11.5% as competition intensifies

1. Tesla's January sales in China fell 11.5% year-on-year. 2. BYD sold 296,446 units, showing robust 47% growth over last year. 3. Tesla implements price cuts to stimulate demand in a competitive market. 4. A new affordable model may launch in first half of 2025. 5. Tesla's Full Self Driving system aims for a China launch this year.