BYD Overtakes Tesla in European EV Market as Sales Soar 169%
Key Points BYD surpassed Tesla in European BEV registrations in April, with 7,231 vs. Tesla's 7,165. Tesla’s BEV sales dropped 49%, while BYD’s rose 169% year-over-year. Tesla saw steep registration declines in key EU markets, including France, UK, and Germany. BYD plans to build a factory in Hungary and launch its Dolphin Surf EV in Europe for $26,000. BEVs and PHEVs comprise 26% of all new European car registrations — a new market record. China’s electric vehicle giant BYD has...