South Korean media: Sales doubled, BYD surpasses Tesla for the first time in the European market!
On June 9, South Korean media "Everyday Economy" published an article stating that China's electric vehicle company BYD has surpassed US-based Tesla for the first time in the European automotive market.
According to statistics from market research firm Jato Dynamics, Tesla's sales in the European market reached 7,165 units in April, a decrease of 49% compared to the same month last year, while BYD more than doubled its sales to 7,231 units.
Jato Dynamics said, "Although the difference in sales between the two brands is small, it is significant. In particular, Tesla has been leading the European pure electric vehicle market for many years, while BYD only officially entered the European market at the end of 2022. This statistical data will become a watershed in the European automotive market."
Tesla has been struggling in the European market in recent months. According to data from the European Automobile Manufacturers Association, after Tesla's new registrations in the EU dropped by 50% compared to the same month last year in January, there were also downward trends in February (-47%) and March (-36%).
In April, Tesla announced that its net profit for the first quarter this year also fell by 71%. At that time, when investors criticized Musk for neglecting Tesla management, Musk explained that he would reduce government work hours and spend more time managing Tesla.
Despite the EU imposing tariffs on Chinese electric vehicles, BYD continues to grow rapidly in the European market.
In April, BYD's car registration volume (including plug-in hybrid vehicles) in Europe increased more than three times compared to the same month last year. A diversified and competitive lineup of pure electric vehicles and plug-in hybrid vehicles is considered the background for this growth.
BYD maintained its position as the global leader in electric vehicle sales in the first quarter and doubled its net profit.
Original source: https://www.toutiao.com/article/1834454068468736/
Disclaimer: The article solely represents the author's views.