Although the difference between the total monthly sales of the two brands is relatively small, the meaning of beating Tesla is huge.
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BIDD’s pure battery electric vehicles sold in Europe Tesla Last month, for the first time ever – the “watershed” of the region’s automobile market Report From Jato Dynamics.
Byd’s European volume increased by 359% in April compared to last year, Auto Intelligence’s new car registration data showed.
During the same period, Tesla reported another monthly decline, with a total decline of 49%. That Protests Oppose CEO Elon Musk and companies in the region. Jato’s data comes from 28 European countries.
Felipe Munoz, a global automotive analyst at Jatoto, said that despite the relatively small difference between the total monthly sales of the two brands, beating Tesla is what it means.
Jato added that, for example, Byd also beat European car brands across the region to sell Fiat and seats in France.
“This is a watershed in the European auto market, especially when you think Tesla leads the European BEV market for many years, and Byd only officially started operations in late 2022,” Munoz said.
This growth came even before production began New plants in Hungaryexpected to become the center of European production operations. Tesla also reportedly plans to expand its manufacturing plant in Germany.
“Europe is becoming a central battlefield between Bied and Tesla,” Liz Lee, deputy director of Counterpoint Research, a technology market research firm, told CNBC. She added that EV growth is expected to be higher this year than China’s EV growth, which already has high electric vehicle penetration.
Tariff shrugged
Despite the economy The imposition of the group of Last time punitive tariffs on battery-electric vehicles made in China October. This attributes the move to unfair trade practices.
The punitive tariffs appear to be in favor of Tesla, dividing the Chinese vehicles it manufactures at 7.8% compared to Bied’s 17%. Other Chinese electric car manufacturers have tariffs of up to 35%. The EU also has a standard 10% car import tax.
Jato’s report said that despite the initial impact on Chinese automaker sales, the companies mitigated it by introducing plug-in hybrids to expand and diversify its European lineup.
“China is not only the world leader in BEVs; its automakers are also the global leader in plug-in hybrid vehicles,” Munoz said.
Battery electric vehicles operate completely on electricity, while hybrid vehicles combine batteries with internal combustion engines. EU tariffs have not yet targeted hybrid vehicles.
Meanwhile, demand in the electric vehicle sector in the region is growing, with Jato’s data showing that despite internal combustion engine vehicles falling, registrations for battery electric vehicles and plug-in hybrid vehicles increased by 28% and 31%, respectively.
The report added that all electric vehicles registered by Chinese automakers rose 59% in April, reaching nearly 15,300 units in April.
Before EU tariff decision last year rhodium For Chinese electric vehicle exporters, tariffs on European markets are expected to be as high as 55%.
In March Revealed Tesla, which sells pure battery cars, lags Byd in total annual sales.
Tesla’s stock price fell more than 10% during the same period due to Musk’s intervention with the administration of US President Donald Trump. Recent CEO Firm Lead Tesla for the next five years.
Hong Kong-traded BYD shares rose 3.9% on Friday and have soared about 78% so far.
