(Yicai Global) Dec. 6 -- Tesla’s Shanghai gigafactory set a new monthly delivery record of more than 100,000 autos in November, after the US carmaker cut the prices of its China-made models.

Tesla delivered 100,291 China-made Model Ys and Model 3s last month, Xinhua News Agency reported yesterday, citing the company. The figure was 71,704 in October and 52,859 in November last year, according to data from the China Passenger Car Association.

In late October, the California-based firm cut the starting prices of the Model Y and Model 3 back to a range that new energy vehicles can qualify for state subsidies, after raising them several times over the past year.

In the first 11 months of this year, Tesla China shipped more than 650,000 EVs, Xinhua added.

Tesla's competition in China is growing. BYD was last month's top electric car seller with more than 150,000 sold between Nov. 1 and Nov. 27, according to data from China Merchants Bank International. Tesla's US market share has fallen in recent years, but it remains the county's best-seller, the latest S&P Global Mobility report showed.

Production costs at Tesla’s car plants in Fremont and Austin are substantially higher than those at its Shanghai factory, leading analysts to speculate that Tesla may start importing China-made vehicles to the United States.

Tesla’s share of newly registered EVs in the US fell to 65 percent in the third quarter from 71 percent a year earlier. The firm’s dominance in the US is being challenged by cheaper vehicles from rivals, S&P said, adding that Tesla’s market share will likely dive to below 20 percent by 2025. Its peaked at 79 percent.

Cars sold in the US must follow local emissions and safety regulations, Stephen Dyer, Co-Leader of AlixPartners Greater China business and Head of the firm’s Asia Automotive practice, told Yicai Global. They are a challenge for emerging Chinese EV startups, but as some, such as Nio and Xpeng Motor, have already begun exporting to the similarly regulated European market, they are likely to also enter the US in the future, Dyer added.

Editors: Shi Yi, Martin Kadiev