Etiqueta: Tariffs

BERLIN — Since April, a sharp hike in US tariffs on EU-made vehicles has dealt a heavy blow to Europe's auto industry, causing steep declines in the profits of Germany's biggest carmakers and prompting them to seek opportunities in Asia.

Honda, Geely, and NIO are positioned to benefit from EV growth in China and stable demand in Japan, despite weakness in Europe's car market.

General Motors will import electric vehicle batteries from Chinese battery giant CATL , a source familiar with the matter told Reuters on Thursday.

BYD's Strategic Shift: Navigating Domestic Saturation and Global Expansion

BYD outsold Tesla in Europe for the first time in April 2025, with registrations surging 359% year-over-year amid EU tariffs, driven by affordable models and local production plans. Tesla's sales plummeted due to aging lineups, supply issues, and CEO controversies. This shift highlights China's growing EV dominance in the region.

Europe’s EV Power Shift: BYD Accelerates as Tesla Hits the Brakes

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?

The high-level trends, challenges, and opportunities facing the automotive industry and how to keep track of your most pressing issues.

Tesla faces sharp sales declines in Europe, with registrations dropping 60% in Britain and halving in Germany, amid aging models, Musk's polarizing image, and fierce competition. Chinese rival BYD surges ahead with affordable EVs, overtaking Tesla despite tariffs. This shift highlights the need for Tesla to innovate rapidly.