Etiqueta: Renault

LONDON/FRANKFURT/BERLIN (Reuters) -Chinese and European carmakers are set to face off at next week's Munich car show, reflecting intensifying competition on the continent that has pitted incumbents such as Volkswagen against EV giant BYD and newcomers GAC and Changan. This year's IAA Mobility, the continent's biggest biennial car show, comes as European automakers lose ground in China - the world's biggest market - in what some executives have described as a "Darwinian" price war. At the same time, to escape pressure at home Chinese automakers are expanding into Europe in search of profits, above all electric vehicle maker BYD, whose global sales soared to 4.2 million cars in 2024, up ten-fold from 2019.

The little BYD Dolphin Surf city car could lead the way to a mass market for electric vehicles in Europe because it won’t need subsidies or government edicts to sell.

After a slow start to 2025, Tesla's sales are rocketing ahead, potentially putting it on course to overtake BYD later in the year. By Will Girling

BMW iX3, electric Porsche Cayenne, Mercedes GLC, the small cars from the Volkswagen Group: here are the new releases from the IAA 2025

Cheaper Chinese EVs grab record share in growing market

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

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

The Shifting EV Power Dynamics in Europe: Why BYD Is Outpacing Tesla and What It Means for Investors

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.

Tesla's EV sales in Europe are plunging, with a 27% drop in France alone. As BYD surges, Tesla faces intense pressure. Is its dominance over?