Latest news with #JATODynamics
Auto Blog
3 days ago
- Automotive
- Auto Blog
BYD Passes Tesla in Europe as Chinese EV Maker Gains Ground
Despite tariffs and political tensions, BYD outsold Tesla in Europe last month, marking a turning point for the continent's electric car market. A narrow lead, but a big shift For the first time, Chinese electric vehicle giant BYD outsold Tesla in Europe, signaling a dramatic shift in the region's EV landscape. According to new data from JATO Dynamics, BYD sold 7,231 fully electric vehicles across 28 European countries in April, edging out Tesla by just 66 units. But analysts say the significance goes far beyond the numbers. Previous Pause Next Unmute 0:00 / 0:10 Audi A5 replaces A4: So, what's changed? Watch More 'It's a watershed moment for Europe's car market,' said Felipe Munoz, an analyst at JATO. European consumers appear increasingly open to Chinese-made EVs, drawn by their lower prices, even after the European Union imposed tariffs last year to shield domestic automakers. Tesla loses ground in a key market Tesla's once-dominant position in Europe is faltering. The company's EV sales dropped a steep 49% compared to April of last year, falling to 11th place for the month. Just a year ago, Tesla ranked second in quarterly EV sales, behind Germany's Volkswagen. Now, it's struggling in major markets like Germany and the U.K., where April sales hit two-year lows. Tesla Gigafactory Berlin Brandenburg. Tesla began selling in Europe more than a decade ago and opened its Berlin Gigafactory in 2022. But recent political backlash tied to CEO Elon Musk, who has poured millions into supporting President Trump and taken a controversial advisory role in Washington, may be accelerating the brand's decline abroad. BYD's rapid expansion continues BYD, short for 'Build Your Dreams,' has aggressively scaled up its European operations. It started selling in Norway and the Netherlands in 2022 and is now building factories in Hungary and Turkey. The Hungarian plant will help BYD avoid EU tariffs, while also serving as the automaker's European headquarters, expected to create 2,000 jobs. April sales tell a story of momentum: BYD's electric car sales surged 170% year-over-year. If you include its plug-in hybrids, sales grew more than 300%, surpassing brands like Fiat, Dacia, and Seat in some key countries. Volkswagen still leads — for now Despite BYD's gains and Tesla's slide, Europe's top EV seller last month was Volkswagen, which notched over 23,500 new electric car registrations. That figure represents a nearly 60% year-over-year increase — proof that local brands still carry weight, even as global competition intensifies. But the trend lines are clear. BYD's swift ascent in Europe, in the face of trade restrictions and growing geopolitical tensions, signals that Chinese automakers are here to stay and may soon reshape the European auto industry as we know it. Final thoughts BYD's narrow victory over Tesla last month may seem like a statistical blip, but it reflects deeper undercurrents in Europe's rapidly evolving EV market. With competitive pricing, expanding local operations, and a broader lineup that includes hybrids, BYD is positioning itself as a long-term player on the continent. Meanwhile, Tesla faces not only growing competition but also reputational headwinds that could further erode its foothold. As Chinese automakers grow more entrenched in Europe and legacy brands like Volkswagen fight to maintain dominance, the region's EV race is no longer a two-player contest.
E&E News
23-05-2025
- Automotive
- E&E News
Tesla sales sink as Chinese cars flood Europe
The European Commission's duties on made-in-China electric vehicles aren't stopping the automakers from exporting to Europe. Meanwhile, Elon Musk's increasingly toxic reputation continues to harm Tesla sales. In April, the registration of Chinese EVs increased 59 percent year-over-year, new data from research company JATO Dynamics shows, far outpacing their European competitors. Advertisement EVs manufactured by European, American and other automakers increased 26 percent over the same period. Volkswagen's EV sales were up 61 percent. Overall EV sales grew 28 percent in April compared to last year.
Yahoo
23-05-2025
- Automotive
- Yahoo
BYD overtakes Tesla in Europe for first time in BEV registrations
China's BYD has achieved a milestone by surpassing Tesla in battery electric vehicle (BEV) registrations in Europe for the first time. According to a report from JATO Dynamics, BYD registered 7,231 BEVs in April, ahead of Tesla's 7,165 units. This development highlights BYD's growing presence in the European market, a key focus area for the company. Tesla experienced a 49% decline in BEV sales in Europe during April, while BYD's sales surged by 169%. Market registrations are often used as a proxy for sales, as Tesla does not disclose monthly or regional sales figures. Despite this setback, Tesla shares rose nearly 2%, reflecting investor confidence. JATO Dynamics global analyst Felipe Munoz said: "Although the difference between the two brands' monthly sales totals may be small, the implications are enormous. This is a watershed moment for Europe's car market, particularly when you consider that Tesla has led the European BEV market for years, while BYD only officially began operations beyond Norway and the Netherlands in late 2022." Tesla's challenges in Europe are evident, with registrations falling in countries like France (59%), Denmark (67%), Sweden (81%), the UK (62%), and Germany (46%). The EU imposes a 10% tariff on BYD vehicles, with an additional 17% for BEVs. However, BYD's success is not isolated. Legacy automakers like Volkswagen, BMW, and Audi are also experiencing growth in BEV sales, with increases of 61%, 5%, and 48%, respectively. Munoz added: "While the electric vehicle segment was a bright spot for Europe's new passenger car market last month, these gains were offset by significant declines among ICE vehicles.' JATO reported that BEVs and plug-in hybrid electric vehicles (PHEVs) accounted for 26% of new car registrations in Europe, setting a new record. BEVs made up 17% of this total, while PHEVs represented 9%. BYD plans to expand further by building a factory in Hungary and introducing its bestselling EV, the Dolphin Surf, to Europe, priced around $26,000. "BYD overtakes Tesla in Europe for first time in BEV registrations" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Arabian Business
23-05-2025
- Automotive
- Arabian Business
Chinese EV maker BYD surpasses Tesla sales in Europe for first time
In what is being seen as a watershed moment for Chinese electric cars, BYD's monthly sales were higher than those of Elon Musk-owned Tesla for the first time. According to data released by JATO Dynamics, a research firm that specialises in automotive business intelligence, BYD leapfrogged Tesla, albeit by a slender margin of 66 cars. Data gathered from 28 European countries showed BYD sold 7,231 fully battery-powered cars in April, while Tesla sold 7,165. Felipe Munoz, Global Analyst at JATO Dynamics, commented: 'Although the difference between the two brands' monthly sales totals may be small, the implications are enormous. 'This is a watershed moment for Europe's car market, particularly when you consider that Tesla has led the European BEV (Battery Electric Vehicle) market for years, while BYD only officially began operations beyond Norway and the Netherlands in late 2022.' A Reuters story earlier in the month encapsulated Tesla's troubles, with sales in the first quarter of the year falling over 50 per cent in Germany, Sweden, the Netherlands and Denmark. Tesla reported another monthly drop in April, with total volumes down 49 per cent year on year, despite the sales of BEVs growing 17 per cent in Europe. In contrast, BYD saw an increase of 359 per cent over the same period thanks to its broad and competitive line up of fully electric vehicles and plug-in hybrids. BYD's BEV sales have grown 169 per cent. Also outsold established European car brands, like Fiat, Dacia, and Seat in the UK and Fiat and Seat in France. Volkswagen remains the BEV top-seller in Europe, with its sales growing 61 per cent to 23,514. European Union tariffs on Chinese electric vehicles earlier this year had an initial negative impact on their sales, forcing these carmakers to look for other solutions. Many Chinese carmakers responded by expanding and diversifying their European line-up with the introduction of plug-in hybrids, which have not yet been targeted by EU tariffs. 'China is not only the world leader in BEVs; its automakers are global leaders in plug-in hybrid vehicles too. To gain traction in Europe, its carmakers have responded to the threat posed by tariffs by focusing on other powertrains, such as plug-in hybrids, to maintain the momentum behind their global expansion plans,' Munoz added.
Yahoo
23-05-2025
- Automotive
- Yahoo
BYD shares hit record high on report it outsold Tesla in Europe
BYD's Hong Kong shares soared to a record high on Friday, extending a recent winning spree after a report said the Chinese electric vehicle giant outsold rival Tesla (NASDAQ:TSLA) Inc for the first time in Europe. BYD (SZ:002594) (HK:1211) shares surged to a record high of HK$477.80, before trading mildly lower at HK$473.40. They had hit a record high on Thursday after Citi hiked its target price on BYD and flagged improving export prospects for the EV maker. Gains in BYD helped the broader Hang Seng index rise 0.6%. A report from analytics firm JATO Dynamics said BYD registered 7,231 battery-powered vehicles in Europe in April, overtaking the 7,165 units registered by Tesla. BYD also sells plug-in hybrids, which are its main sales drivers. But the JATO Dynamics report represents a major milestone for BYD's EV sales, in that the company has finally overtaken major rival Tesla in a key growth market. BYD's strong sales came despite the European Union imposing steep import tariffs on Chinese EVs last year. But rival Tesla is also struggling with slowing sales across the globe, as it rushes to update an aging line-up. Public ire over the political affiliations of CEO Elon Musk also battered Tesla's sales, with the company logging its first ever drop in annual deliveries in 2024. Musk claimed earlier this week that Tesla had already turned around sales, and that demand in regions apart from Europe remained articles BYD shares hit record high on report it outsold Tesla in Europe JPMorgan CEO Dimon seeks to 'deepen engagement' with China- Xinhua TSX finishes slightly higher after index inches back from record high
