Etiqueta: Sales

Cheaper Chinese EVs grab record share in growing market

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’s sales freefall in Europe continues. The American automaker’s sales declined by 40% in July, while BYD’s increased by 225%....

Tesla's troubles across the pond in Europe are worsening. Per the European Automobile Manufacturers' Association, Tesla EV registrations (a proxy for sales) in Europe fell to just 8,837 units in July, a 40.2% drop compared to a year ago. Meanwhile, overall EV registrations in the region, which includes the UK and the European Free Trade Association, rose 33.6% in July, with overall registrations up 5.9%.

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

The electric carmaker sold 40 per cent fewer cars year on year in July in Europe, the UK and Scandinavia

Sales of Tesla cars have continued to decline across Europe, falling 40% in July, as Chinese rival BYD saw a surge in registrations in the region last month.

BYD has introduced the all-electric Dolphin Mini and Yuan Pro, and the PHEV model Song Pro DM-i in Argentina.