Tesla’s (TSLA) hold on China has been sliding for the past five consecutive months, with shipments plunging 49% in February from a year earlier, Bloomberg reports. The market shares of Tesla in China are well under 5% while BYD’s (BYDDF) market shares are heading toward 15%. BYD sold more than 318,000 vehicles last month, which is up 161% year-over-year. Signs show BYD has begun to wedge itself into Tesla’s spot in the market.
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