Chinese automaker more than tripled records while Elon Musk’s fell 42% and strong competition on the continent
The Chinese automaker sold more cars than in Europe for the 2nd month in a row, reflecting the growing pressure of the Chinese competitor over Elon Musk’s automaker. The information is from.
In July, BYD new car records in the European Union more than tripled, reaching 9,698 units, according to the European Association of Automobile Manufacturers. Also considering the United Kingdom, Iceland, Liechtenstein, Norway and Switzerland, the number rose to 13,503 vehicles.
Meanwhile, Tesla records in the EU fell more than 42%, totaling 6,600 cars and extending a weak sales sequence in the region. The last monthly rise was in December, with growth of 5.9%.
Chinese automakers like BYD and state are gaining ground in Europe with more affordable and varied electric vehicles. In July, Saic also surpassed Tesla in sales. Byd had already surpassed Tesla for the first time in April.
In addition to external competition, Tesla faces internal turmoil. , (Republican Party), caused concerns among investors about his dedication to the company. In the 2nd quarter, Tesla’s net income fell 16%.
To reverse the scenario, Tesla has reformulated its line of vehicles. Since March, he updated Model Y, has made improvements to the Model and Model X and has released a cheaper version of Cybertruck.
The drop in Tesla sales in the EU contrasts with the recovery of the electric market in the block. In July, 100% electric vehicle sales grew 39% over the previous year, 58% in Germany alone. Hybrid records rose more than 14%, and plug-in hybrids grew by 57%.
In total, EU passenger car records increased 7.4% in July, reaching 914,680 units. Sales rose 11% in Germany, but fell 7.7% in France and 5.1% in Italy. The Volkswagen group was up almost 14%, while Stellantis fell by 0.9%.
