BYD surpasses Tesla in European EV sales despite the high definitions: Report

BYD sold more electric cars a pure battery in Europe from Timing For the first time ever last month – “the moment of the water gatherings” for the car market in the region, according to a report From Jato Dynamics.

New car record data from the auto intelligence company shows that the BYD sizes in Europe increased by 359 % in April last year as the company continues global expansion efforts.

Over the same period, Tesla reached another monthly decrease, as total sizes fell 49 %. Which – which Follow protests Against CEO Elon Musk and the company in the region. JATO data comes from 28 European countries.

According to Felipe Monoz, a global auto analyst at JATO, although the difference between the total monthly sales of brands is relatively small, the effects of the BYD that overcame Tesla “enormous”.

Jato added that BYD also outperforms European brands rooted all over the region, for example Vitt Fiat, for example.

Monoz said: “This is a watershed for the car market in Europe, especially when you think that Tesla has led the European market for years, while BYD only officially started operations outside Norway and the Netherlands in late 2022,” said Monoz.

This growth comes even before production begins with it New plant in HungaryWhich is expected to become the European Production Center. According to Tesla, plans to expand its manufacturing factory in Germany.

“Europe appears as a central battlefield between BYD and Tesla,” Liz Li, Assistant Director of Technology Market Research Company, told CNBC. She added that the region is expected to suffer from EV growth above this year from China, which is already enjoying the high penetration of EV.

The BYD success comes in the European Union despite the economy Assumption to A punitive tariff on EVS battery made last China October. He attributed the transition to unfair commercial practices.

The punitive definitions seem favorable to Tesla, as its cars are appointed in China by 7.8 % compared to 17 % of the BYD. Other Chinese EV makers were given a tariff of about 35 %. The European Union also has a 10 % standard import fee.

The JATO report said that although the customs tariff had a preliminary impact on the sales of Chinese auto manufacturers, companies have reduced by expanding and diversifying their European formation with the insertion of the component hybrid.

“China is not only the world leader in Bevs,” said Monoz.

The EVS battery completely works on electricity, while hybrid vehicles combine an electric battery and an internal combustion engine. The hybrid vehicles have not yet been targeted after the European Union tariff.

Meanwhile, there was an increased demand in the EV sector in the region, where JATO data shows that EVS records of batteries and hybrid electric cars by 28 % and 31 %, respectively, despite the decreases between the internal combustion engine vehicles.

The report added that the records of all electric cars made by Chinese car manufacturers in April by 59 % on an annual basis, reaching nearly 15,300 units in April.

Before the European Union tariff decision last year, Rhodium I expected that the customs tariff would need to reach 55 % of the European market to be inaccurate for the Chinese EV exporters.

In March, that The disclosure Tesla, which only sells pure battery cars, has failed to total annual sales.

Tesla shares fell more than 10 % during the same period, amid a reaction from Musk’s participation with the administration of US President Donald Trump. The CEO recently committed To lead Tesla for the next five years.

BYD shares increased by 3.9 % in Hong Kong trading on Friday and increased about 78 % so far.