Etiqueta: Tesla

Tesla sales continue to decline as rival BYD sees triple-digit percentage growth in the UK. Tesla's market share falls to less than 1%.

Carmaker’s vehicle registrations sink in July as board moves to refocus chief on reviving fortunes

China’s giant BYD sold 60,930 vehicles from July 28 to August 3, industry data shared on Chinese social media showed this Tuesday.

BYD (BYD) reported a drop in July deliveries. The Chinese electric vehicle maker ending a 16-month growth streak as competition heats up. Meanwhile Opendoor (OPEN) continues to climb with its results due and Figma (FIG) is starting to slide after an initially positive IPO.

BYD saw a 10.1% decline in sales in July as PHEV sales dropped 22.6% while EV sales grew 36.8% but fell short of expectations.

BYD's Production Slowdown and Sales Volatility: A Strategic Inflection Point for Investors?

Following BYD’s bold entry into the Korean market, a cadre of Chinese EV brands like Zeekr, Changan and even Xpeng are now eyeing Korea as their next destination — even if it means absorbing losses to gain a foothold.

According to its latest filing with the Hong Kong Stock Exchange, BYD produced 317,892 vehicles globally last month—a 0.9 per cent decline compared to July 2024.

BYD's EV Production Challenges and Stock Split Timing: A Long-Term Investment Assessment