Etiqueta: rely

BYD surges past Tesla in Europe and Canada as Chinese EVs reshape the global market. Explore sales trends, policy shifts, and the impact on batteries, emissions, and carbon markets.

A relentless selloff in BYD Co. shares is laying bare investor anxiety over the profit outlook for China’s electric-vehicle sector, as cooling demand at home and surging raw material costs trigger a brutal reset of expectations.

New Chinese rules mandate mechanical door releases on EVs and could reshape vehicle design worldwide

As Canada prepares to reopen the door to Chinese-made electric vehicles (EVs) under a new tariff-quota system, most attention has been focused on which automaker could move fastest once restrictions ease. While Tesla appears best […]

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Canada’s Industry Minister Mélanie Joly met with Chinese automakers BYD and Chery Automobile during Prime Minister Mark Carney’s visit to Beijing last week to strike what he named a …

BYD is now the world’s top EV seller, but valuation, margins, and slowing growth suggest the crown comes with risks.

Chinese automaker sold 4.6 million NEVs in 2025, including 2.26 million light BEVs.

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.