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BYD outsells Tesla in EU for second month, Stellantis returns to sales growth
BYD’s sales rose 201.3%, securing a 1.3% EU market share as Tesla’s sales fell 36.6%, marking the second month BYD outsold Tesla in Europe.
- On Thursday, ACEA data showed BYD, Chinese electric vehicle maker, sold three times as many new cars in the EU last month versus August 2024, surpassing Tesla for a second consecutive month.
- Rising EV registrations now account for 62.2% of sales as Chinese brands used PHEVs and technology to reduce EU tariffs and win over Europe’s China-skeptical buyers.
- BYD's sales rose 201.30% to 9,130 last month, surpassing Tesla's 8,220, with overall EU, Britain and EFTA sales up 4.70% to 0.8 million cars.
- Tesla's market reaction was a nearly 3% stock decline amid broader tech sell-off, while BYD's American Depositary Receipts rose over 2%, despite Tesla's year-to-date sales lead by nearly 20,000 units.
- Europe's auto industry continues to contend with U.S. import tariffs, EV regulation costs, and Chinese competition, as SAIC Motor's sales surged over 54% this year and others show mixed results.
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11 Articles
11 Articles
BYD outsells Tesla in EU for second month, Stellantis returns to sales growth
Chinese EV maker BYD sold three times as many new cars in the European Union last month than in August 2024, surpassing U.S. competitor Tesla for the second consecutive month, data from the European auto lobby ACEA showed on Thursday.
·United Kingdom
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Coverage Details
Total News Sources11
Leaning Left3Leaning Right0Center4Last UpdatedBias Distribution57% Center
Bias Distribution
- 57% of the sources are Center
57% Center
L 43%
C 57%
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