Etiqueta: EU

BYD's 30% Earnings Drop: A Cautionary Tale for EV Investors?

Year-to-date, 1,011,903 new battery-electric cars were registered, capturing 15.6% of the EU market share,  an increase from the low baseline of 12.5% in July 2024.

BYD's Surging Global Momentum: A Contrarian Opportunity as Earnings Loom

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

Europeans are pissed at Tesla and BYD is eating its lunch.

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

New EU car registrations jumped by 7.4% in July year-on-year. EV sales are increasing, but Tesla is losing momentum in the bloc as Chinese competitor BYD grows in popularity, tripling its sales in the first seven months.View on euronews

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

Tesla's European Market Woes and BYD's Ascendancy: A Strategic Shift in the Global EV Landscape

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