Etiqueta: Car sales

EVs and hybrids gain traction, but China's BYD edges out Tesla for market share

Tesla sales plunged again in Europe in July as car buyers continued their migration to Chinese rival BYD.

The slowdown comes despite strong growth in Europe’s EV market, where battery-electric registrations jumped 24% this year.

Tesla Sales in Europe Outstripped by Chinese Rival BYD Amid Sluggish Demand and Musk's Tarnished Reputation

New car sales in Europe rose 5.9% in July as a jump in Germany outweighed drops in Britain, France and Italy, European Automobile Manufacturers Association data showed on Thursday. Tesla lost market share for a seventh consecutive month despite a rise in overall sales of electric cars, and trailed competitor BYD, which was included in the monthly sales data for the first time. WHY IT'S IMPORTANT Domestic carmakers such as Volkswagen are studying new launches to fend off Chinese competitors in Europe's growing EV market and comply in a profitable manner with regulations that encourage adoption of the vehicles.

Just because you don't see its products being bought or used every day doesn't mean there's no demand for them somewhere.

Automobile sales revenue marginally outperformed expectations, yet the overall average selling price of cars continues to decline year - on - year.

The parts reductions achieved by Ford's new Universal EV Production System do not go far enough. Here's what Ford's next step should be.

Weakening demand for hybrid vehicles and ongoing overcapacity issues are slowing the growth of China's new energy vehicle and overall car sales.