Etiqueta: Volkswagen

Tesla’s sales freefall in Europe continues. The American automaker’s sales declined by 40% in July, while BYD’s increased by 225%....

Tesla's troubles across the pond in Europe are worsening. Per the European Automobile Manufacturers' Association, Tesla EV registrations (a proxy for sales) in Europe fell to just 8,837 units in July, a 40.2% drop compared to a year ago. Meanwhile, overall EV registrations in the region, which includes the UK and the European Free Trade Association, rose 33.6% in July, with overall registrations up 5.9%.

The slowdown comes despite strong growth in Europe’s EV market, where battery-electric registrations jumped 24% this year.

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...

The Shifting EV Power Dynamics in Europe: Why BYD Is Outpacing Tesla and What It Means for Investors

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.

BYD has begun exporting cars made in Thailand to Europe, partly in response to Thai policies that apply to vehicle imports.

BYD Expands In Nepal With Atto 2 SUV As It Races To Sell Half Its Cars Overseas By 2030

BYD test track opens at BYD Zhengzhou with BYD proving ground facilities to trial BYD EVs across 100 sections including high-speed, off-road and even water