BYD Outpaces Tesla in Europe for the First Time

China’s BYD beat out Tesla for the first time this April to become the top EV vehicle brand sold in Europe. BYD only outpaced Tesla by 100 vehicles, but the 7,231 cars that made their way to Europe show that tariffs are not deterring European consumer demand. Sales for BYD’s battery-powered vehicles soared 170% overall in April YoY. In comparison, all other electric vehicles collectively saw a 17% increase in sales over the same period. I’ve mentioned numerous times that China simply has the ability to produce cheaper vehicles that are often better quality than what is made in the...