Chinese state-owned automobile manufacturerSAIC Motor Corp. Ltd. witnessed more new vehicle registrations in the European Union in July than American EV giant Tesla Inc. (NASDAQ:TSLA), as per data from Europe’s auto industry body. What Happened: The European Automobile Manufacturers Association (ACEA) said on Thursday that while only 11,586 Tesla vehicles were registered in the EU last month,14,063 SAIC vehicles were registered. While Tesla’s new car registrations in July slumped by nearly 15% as compared to July last year, SAIC vehicle registrations rose 24%. In the first seven months of 2024…
