Etiqueta: Europe

On Monday, shares of Chinese electric vehicle maker BYD tumbled nearly 8% after the company reported a 30% drop in quarterly profit.

One way for BYD to reward investors is to do the opposite of what made it great.

The Munich auto show is approaching. While some foreign media outlets may seize the opportunity to highlight the “competition” posed by China, it is important to recognize that behind Chinese vehicles is an evolving supply chain built on China-Europe cooperation.

It’s out-of-date, nonsense vapourware.

In China's EV market, consumers are shifting from Tesla and BYD amid sales declines—Tesla down 5% and BYD 14.3% in August—due to economic slowdowns, aging products, and CEO controversies. Emerging rivals like Xiaomi and Zeekr gain ground with innovation and pricing, prompting industry leaders to adapt through diversification and new strategies.

Tesla's sales in key European markets have declined for eight straight months, with sharp drops in France (47.3%), Sweden (84%), and Denmark (42%), amid rising competition from BYD and an aging product lineup. Consumer backlash against Elon Musk exacerbates the slump, threatening Tesla's global position despite gains in Norway and Spain.

Tesla’s (TSLA) European sales plunged 40% in July 2025, while BYD surged 225% to overtake it for the first time, signaling a major power shift in the region’s booming EV market.

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BYD's Strategic Expansion into Malaysia: A Catalyst for Growth in Southeast Asia's EV Market

A drop in production, sales and profits reflect how pressure to stay competitive is beginning to take a toll on BYD