Etiqueta: Stellantis

China's EV maker takes a slight lead in the EU market

On Thursday, data from the ACEA showed that BYD sold three times as many new cars in Europe, surpassing Tesla for the second month in a row.

STORY: Chinese EV maker BYD outsold Tesla in the EU for the second month in a row. Data showed BYD sold three times as many cars to the bloc in August than in the same month last year. Stellantis also had buoyant results, returning to sales growth in Europe for the first time in over a year.That’s as the overall market expanded with a boost from plug-in hybrid and battery-electric sales.Europe's battered car industry faces a number of challenges.This includes U.S. import tariffs and competition from China. As well as difficulties in meeting domestic regulations for EV adoption in a way that yields profit. Carmakers have ramped up PHEV sales to comply with emission standards, with more affordable and more profitable cars than pure EVs. Chinese brands have also used the technology to minimize the impact of EU tariffs on Chinese-made EVs.As well as to win over China-skeptic European drivers.And with BYD’s sales up over 200% in August, it took 1.3% of the market.Whereas EU sales for Elon Musk's Tesla dropped 36.6%, squeezing its market share to 1.2% from 2% a year ago.And as total EU car sales rose last month, the registration of hybrid and electric vehicles rose to over 62% in the bloc.

Overall car registrations in the EU rose 5.3% as buyers continued shifting toward electrified vehicles, which made up more than 62% of the market.

(Reuters) -Chinese EV maker BYD sold three times as many new cars in the European Union last month than in August 2024, surpassing U.S. competitor Tesla for the second consecutive month, data from the European auto lobby ACEA showed on Thursday. Stellantis returned to sales growth in Europe for the first time in over a year, as the overall market expanded with a boost from plug-in hybrid (PHEV) and battery-electric (BEV) sales. Chinese brands have also used the technology to minimise the impact of the European Union's tariffs on Chinese-made EVs, and to win over China-skeptic European drivers.

By Nick Carey, European Autos CorrespondentGreetings from London!After many years of riding high, Porsche has hit what could only charitably be called a rough patch.Late on Friday, Porsche once again had to pull back from its electric vehicle rollout in a move that will hit parent company Volkswage…

BARCELONA (Reuters) -When Javier Hernandez went car shopping in Barcelona, he ended up choosing a plug-in hybrid by China's BYD - swayed by a price nearly 10,000 euros cheaper than European rivals. With government subsidies, the BYD Seal U DM-I Hernandez opted for starts at around 30,000 euros ($35,289) in Spain, compared to over 40,000 euros for VW's Tiguan and Peugeot's 3008 plug-in hybrid models. Cost-conscious buyers like Hernandez are fuelling rapid growth for Chinese EV carmakers like BYD in Spain and around Europe, stepping up competition with regional and U.S. rivals like Tesla, Stellantis and Volkswagen.

Last week, BYD publicly disputed Stellantis CEO Antonio Filosa's claims that Leapmotor outsold BYD in Germany in the year-to-date. Stellantis has now

Mexico has announced a major step that could shake up its fast-growing electric vehicle market. The government is planning to impose a 50% tariff on cars

The move could allow Leapmotor to avoid EU tariffs on Chinese full-electric and extended-range hybrid vehicles. Reports have focused on the B10 compact electric SUV as the likely model.