Etiqueta: Tesla

BYD (BYDDY) generates more revenue than Tesla but trades at a fraction of its value. Strong global growth offsets China risks, offering a compelling EV play.

Chinese electric vehicle (EV) stocks NIO (NYSE: NIO) and Li Auto (NASDAQ: LI) slipped Friday following news that Beijing plans to implement stricter regulations on EV exports.

Market Analysis by covering: BYD Co Ltd-H, Tesla Inc, BYD Electronic International Co Ltd. Read 's Market Analysis on Investing.com

Tesla’s CEO Elon Musk criticized the analysis of European sales in August by Reuters, which wrote in its headline that Chinese giant BYD outsold the US brand in the EU.

Support CleanTechnica's work through a Substack subscription or on Stripe. The gleaming brutalist structures of BYD’s global headquarters rise from Shenzhen’s Pingshan district — a monument to the company’s leadership in China’s electric vehicle ambitions. Walking through the sprawling complex, past rows of pristine EVs and technology exhibits, as well ... [continued]

August sales figures are in and BYD outsold Tesla in Europe for the second month in a row as the US company continues to struggle.

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.

That makes it 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.