Big EV market reset under way? China’s BYD smokes Tesla again, leaves Musk in dust for 2nd time in 2 months in EU
Chinese carmaker BYD outsold Tesla in the European Union for the second month in a row, registering three times as many new cars in August as it did a year earlier, news agency Reuters reported on September 25 citing data from the European Automobile Manufacturers’ Association (ACEA).
The figures showed a rapid change in Europe’s auto market, where the pressure of emissions rules, new tariffs and Chinese competition is reshaping industry dynamics.
