Etiqueta: Car sales

Have you wondered what Investing $5,000 in TSLA during Christmas 2020 would now yield you? Here's your answer.

As Zach mentioned yesterday, the Guardian reported data from ACEA showing that Tesla sold 12,130 vehicles in Europe in November, down from 18,430 last year, while the overall market grew slightly. Tesla’s market share shrank from 2.1% to 1.4%. However, while Tesla staggered, BYD’s sales growth accelerated in the EU, EFTA and UK from 6,568 to 21,133 units in November over the year prior. Up 221%. More growth than any other automaker.It should be noted that this YoY growth came after the EU implemented supplemental BEV tariffs on top of the 10% base tariff, bringing the total to 27% for BYD. Politicians who thought that the tariffs might stop them are undoubtedly disappointed. BYD indicated that they had padded prices ahead of the tariffs in anticipation of their implementation and that they would not need to raise prices after the tariffs were announced. As such, the tariffs did not slow them down. While protectionism and the threat of protectionism undoubtedly inflate European prices overall, greater certainty lets companies like BYD build out viable business models. Their vehicles are still more than competitive, even when prices are inflated by politicians. However, because the added tariffs do not apply to PHEVs, those models have been growing faster. This is driving faster PHEV growth in 2025.

Japan’s top-selling Kei car is finally going electric but BYD’s EV push might upend the market before it even arrives

China's economy is vast in scale and full of promise.

VW is developing cars tailored to Chinese drivers — vehicles that will likely never be seen on European roads, though they may make their way to markets in the Middle East and Southeast Asia.

Volkswagen is making a major bet in China, the largest and one of the most cutthroat auto markets in the world. The German carmaker, which once dominated the market with a more than 50% share, has invested 3 billion euros ($3.5 billion) in a sprawling research and development center — its largest outside its home country — in Hefei, a low-key central China city of 10 million people. It’s a sea change from how foreign automakers operated in China for decades by making cars they developed overseas, sharing their technology with local partners.

More than 25 Chinese automakers now sell electric or hybrid vehicles in Israel, though their presence in the market is rarely highlighted due to geopolitical tensions surrounding the ongoing confli…

Buyers may be driven to cheaper models as Britain set to ban petrol, diesel car sales