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Although the difference between the monthly sales results of the two brands is relatively small, the Byd consequences, which knock out the tesla “huge”, – says Felipe Munosis, World Analyst Automotive in Jato Dynamics.
Jaap Arrien | Nurphoto | Gets the image
Despite the higher tariff rate than TeslaChinese Electric cars by BYD sell more pure report From the jacket -diagnosis.
Data on new car registrations from a car reconnaissance firm show that Europe’s volumes have increased by 359% since last April as the company has continued its global extension efforts.
During the same period, Tesla reported another monthly drop, and the total volume decreased by 49%, Jata said. Which Follow the protest Against CEO Elon Musk and the company in the region. Jacob data come from 28 European countries.
BYD’s success is coming in spite of economic Introduction of the block Rooting tariffs on battery made in China last October. The EU has explained this step towards unfair trade practice.
Falling tariffs were favorable for Tesla, assigning their 7.8% in Chinese cars compared to 17% byD. Other Chinese EV manufacturers have received tariffs up to 35%. The EU also has a standard 10% duty in the car import.
New battlefield
Felipe Munoz, World Automobile Analyst Jato, said the difference between the April sales of EV Makers was relatively small, but the Byd consequences knock out the tesla “huge”.
Jata added that Byd also beat up well -established European car brands across the region, such as Fiat and Seat in France.
“This is a turning point for the European Car market, especially considering that Tesla has been running the Bev European Market for many years, while byd only officially began to act outside Norway and the Netherlands at the end of 2022,” Munosis said.
BYD growth comes still before the production begins New Plant in HungaryWhich is expected to become the center of European production operations.
“Europe goes out as a central battle between byd and Tesla,” said CNBC Liz Lee, Deputy Director of the Research Research ControwPoint Research. She added that this year is expected in the region there will be a higher growth of the electric vehicles than China, which already has high EV penetration.
According to Lee. Tesla too justify Working on plans to expand its production base in Germany.
The Jaco report states that while tariffs initially influenced the sale of Chinese automakers, the companies mitigated it by expanding and diversifying its European compositions with the introduction of hybrids of plugins.
“Not only is China’s world leader in Bevs; its automakers are also global leaders in hybrid cars built-in,” Munosis said.
The EVS battery works completely on electricity, while hybrid vehicles combine an electric battery with an internal combustion engine. Hybrid vehicles have not yet been aimed at EU tariffs.
Meanwhile, the EV segment in the region is growing in demand, and Jato data shows that the registration of EVS and hybrid electric vehicles increased by 28% and 31% respectively, despite reducing internal combustion vehicles.
Registration of all electric vehicles made by Chinese automakers in April increased by 59% a year, reaching almost 15,300 units in April, the report added.
On the eve of EU tariff decision last year, Rhodia He predicted that tariffs should be up to 55%for the European market to be unattractive for Chinese EV exporters.
In March this has been discovered What Tesla, which sells only pure batteries, lagged behind byd with common annual sales.
Tesla shares decreased by 10% over the same period against the backdrop of Musk’s shock to US Presidential Administration Donald Trump. Recently CEO in the accomplishment to the leading Tesla for the next five years.
On Friday, Byd shares increased by 3.9% in Hong Kong and rose about 78% of the year.
