Etiqueta: Stellantis

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

By Mauro Orru BYD sold more cars in Europe than Tesla once again last month, a sign that Elon Musk's electric-vehicle maker continues to face stiff competition from its Chinese rival as it...

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.

Detroit isn’t doomed, said Dan Sperling, founding director of the UC Davis Institute of Transportation Studies. But it requires some key policy support.

Chinese electric vehicle (EV) manufacturer BYD plans to set up its first EV assembly plant in Malaysia.

The Stellantis-backed Chinese automaker has raised its global sales target, and growth in Europe could double next year. The B05 hatchback joins the related B10 SUV as part of a push in the region.

The automaker's share price and sales have outpaced better-known peers such as Xpeng and Xiaomi. Vertical integration is key to keeping costs down, analysts say.

BYD leads global NEV sales, Tesla falls behind with declining sales. BYD sets records in India and plans expansion into Europe.

European Industrial Policy and the Auto Sector: Reindustrialization, Green Transition, and Shareholder Value in a Post-Volkswagen Era