Miguel Afonso Caetano<p>"BYD has sold more electric vehicles in Europe than Tesla for the first time, marking a breakthrough for the Chinese group’s efforts to expand into overseas markets.</p><p>BYD registered 7,231 fully electric cars in Europe last month compared with 7,165 registrations for Tesla, according to Jato Dynamics, the automotive data intelligence firm. Tesla’s monthly volume was down 49 per cent year-on-year, while BYD reported a 169 per cent jump.</p><p>The Chinese group’s registrations including plug-in hybrids soared 359 per cent.</p><p>The Chinese group’s aggressive expansion into Europe has coincided with a slump in sales for Tesla due to its ageing product portfolio and a backlash to Musk’s intervention into regional politics.</p><p>“This is a watershed moment for Europe’s car market, particularly when you consider that Tesla has led the European battery electric vehicle market for years, while BYD only officially began operations beyond Norway and the Netherlands in late 2022,” said Felipe Munoz, global analyst at Jato Dynamics."</p><p><a href="https://www.ft.com/content/53ec9a08-1112-4969-8982-2d9f06ee8ea4" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">ft.com/content/53ec9a08-1112-4</span><span class="invisible">969-8982-2d9f06ee8ea4</span></a></p><p><a href="https://tldr.nettime.org/tags/EU" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>EU</span></a> <a href="https://tldr.nettime.org/tags/Europe" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Europe</span></a> <a href="https://tldr.nettime.org/tags/BYD" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>BYD</span></a> <a href="https://tldr.nettime.org/tags/Tesla" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Tesla</span></a> <a href="https://tldr.nettime.org/tags/EVs" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>EVs</span></a> <a href="https://tldr.nettime.org/tags/China" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>China</span></a></p>