Tesla's EU sales plunge
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Data from JATO Dynamics shows that BYD’s Europe volumes rose 359% in April from last year as the company continues its global expansion efforts.
Despite steep tariffs, the Chinese carmaker leapfrogged Tesla in April, in what an analyst called a “watershed moment” for the continent’s auto market.
Chinese EV giant BYD sold more electric models than Tesla in Europe for the first time in April, as consumer interest in Elon Musk's automaker collapsed.
BYD Co. sold more electric vehicles in Europe than Tesla Inc. for the first time, overtaking the American brand that long led the continent’s EV segment.
The world’s leading electric vehicle (EV) maker is rapidly expanding overseas. After taking control of vehicle sales in Germany
When you look at sales at the brand level, things get a little worse for the American automaker. Volkswagen sold more EVs than anyone else in Europe last month, increasing by 61 percent to 23,514 units. As for Tesla? It fell to 11th place, with just 7,165 sales in total, a 49 percent decrease year on year.
According to the European Automobile Manufacturers' Association, registrations for new Tesla EVs in Europe plunged 49% in April compared to last year. That came despite a 34% surge in overall battery electric car sales there.
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Cryptopolitan on MSNBYD’s price slash plan to boost sales triggers Chinese EV share plungeShares of Chinese electric-vehicle (EV) firm BYD fell sharply on Monday following a series of price cuts across its model lineup, triggering investor concerns over rising competition and the prospect of a wider price war.