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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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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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BYD triples August sales in Europe
Chinese electric vehicle manufacturer BYD continues its strong push into the European market. In August this year, it sold three times as many cars as in the same month last year; Tesla trailed behind for the second month in a row. According to data from the European Automobile Manufacturers Association ACEA, BYD reached a market share of 1.3%, while Tesla fell to 1.2%, from 2% last year. Total car sales in the EU, the UK and EFTA countries rose…
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Total News Sources14
Leaning Left3Leaning Right0Center4Last UpdatedBias Distribution57% Center
Bias Distribution
- 57% of the sources are Center
57% Center
L 43%
C 57%
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