Chinese automaker BYD is rapidly gaining ground in Europe, outselling Tesla in Germany and the UK last month, according to Electrek. BYD sold over 380,000 new energy vehicles in April, a 21% increase from the same month last year. Since ending gas-powered car production in 2022, the company has focused solely on EVs and plug-in hybrid EVs, a strategy that has proven successful. BYD sold over 79,000 vehicles overseas in April, marking its fifth consecutive month of international growth. Year-to-date, overseas sales have surpassed 285,000, more than doubling compared to last year. The EV giant outsold Tesla in Germany last month, according to sales data from the German federal road traffic agency, KBA.
Category
🗞
NewsTranscript
00:00It's Benzinga bringing Wall Street to Main Street.
00:02Chinese automaker BYD is rapidly gaining ground in Europe,
00:05outselling Tesla in Germany and the UK last month, according to Electrek.
00:09BYD sold over 380,000 new energy vehicles in April,
00:12a 21% increase from the same month last year.
00:15Since adding gas-powered car production in 2022,
00:17the company has focused solely on EVs and plug-in hybrid EVs,
00:21a strategy that has proven successful.
00:23BYD sold over 79,000 vehicles overseas in April,
00:26marking its fifth consecutive month of international growth.
00:28Year-to-date, overseas sales has surpassed 285,000,
00:32more than doubling compared to last year.
00:35EV giant outsell Tesla in Germany last month
00:37for into sales data from the German Federal Road Traffic Agency, KBA.
00:41For all things money, visit Benzinga.com slash GSTV.