The Chinese automaker has been intensifying efforts to expand its presence in international markets
The Chinese automaker sold more electric cars in April than Tesla in Europe for the first time. This fact reflects both China’s offensive to conquer the European continent and a resistance from Europeans to the owner of, Elon Musk.
According to the automotive data intelligence company, BYD sold 7,231 fully electric cars in Europe last month, against Tesla’s 7,165. The information is from and from.
In April, Tesla’s monthly volume of sales in Europe fell 49% over the previous year, while BYD registered an increase of 169%. Including plug-in hybrids, Chinese group sales fired 359%.
Since Musk has declared support from US President Donald Trump (Republican Party) and has taken office in the US government, Europeans have been avoiding buying Tesla cars.
On the other hand, BYD is increasing its presence in Europe. The Chinese automaker announced this week that Hungary will be its European headquarters.
The country will still house a company factory, which is being built. With this, BYD can export vehicles to the EU (European Union) without paying additional rates. The Chinese automaker will also have a factory in Türkiye.
“This is a decisive moment for the European auto market, especially if we consider that Tesla led the European battery vehicle market for years, while BYD only officially started its operations outside Norway and the Netherlands in late 2022”, Told Felipe Munoz, global analyst at Jet Dynamics, Financial Times.
In the first quarter of 2025, BYD had one ($ 1.3 billion). It represents a growth of 100.4% over the same period of the previous year.
The result is higher than that of Tesla. The company made a profit of $ 409 million from January to March, annual drop of 71%.
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