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BYD beats Tesla in European EV sales despite EU tariffs in 'watershed moment,' report says - TL;DR CNBC

BYD beats Tesla in European EV sales despite EU tariffs in 'watershed moment,' report says

Publishing timestamp: 2025-05-23 07:05:24


Summary

BYD's Europe volumes rose 359% in April from last year, despite EU's punitive tariffs on Chinese-made BEVs. BYD outsold Tesla in Europe for the first time ever, marking a "watershed moment" for the region's car market. The success of BYD in Europe is seen as a significant development in the electric vehicle industry, with the company also beating out well-established European car brands. The growth of BYD in Europe comes as the region emerges as a central battleground between BYD and Tesla, with both companies expanding their operations in the region.


Sentiment: POSITIVE

Tickers: TSLA

Keywords: business newstechnologybreaking news: technologyautostradetesla inc

Source: https://www.cnbc.com/2025/05/23/byd-beats-tesla-in-european-ev-sales-despite-higher-tariffs-report.html


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