BYD's EV Sales in Europe Surpass Tesla for the First Time
BYD Company Limited (BYDDY) surpassed Tesla, Inc. (TSLA) in electric vehicle (EV) sales in Europe for the first time in April, overtaking the long-time market leader in the region. Per Jato Dynamics, BYD registered 7,231 new battery-electric vehicles (BEVs) last month, up 169% from the same time last year, earning it a spot among the top 10 EV brands in Europe. Tesla registered a drop of 49%, placing it one spot back.Tesla sales continued to drop even after Europe’s EV market continued to expand. The overal ...