EU EV Market Grows as BYD Surpasses Tesla
BYD's sales rose 201.30% to 9,130 units, with overall EU, UK, and EFTA sales up 4.70% to 0.8 million cars.
EV registrations now account for 62.2% of sales in the EU.
Chinese brands used plug-in hybrid electric vehicles and technology to reduce EU tariffs and win over Europe’s China-skeptical buyers.
Tesla's stock declined 3%, while BYD's American Depositary Receipts rose 2%.
SAIC Motor's sales surged 54% this year, with others showing mixed results.