Chinese automaker BYD (002594.SZ), opens new tab sold more electric vehicles in Europe than Tesla (TSLA.O), opens new tab for the first time, according to a report by JATO Dynamics, as an aging model lineup and CEO Elon Musk's politics hurt demand for the U.S. EV maker's cars.
BYD, which also makes plug-in hybrid vehicles, registered 7,231 battery-powered electric vehicles (BEV) in Europe in April, while Tesla registered 7,165 units, the market research firm said.
Demand for electric vehicles in Europe remains steady. BEV registrations surged 28% in April from last year, largely driven by Chinese car brands.
Despite the EU's imposition of tariffs on Chinese-made electric vehicles, registrations of such cars increased 59% in the month from a year earlier, while carmakers from Europe, Japan, South Korea and the United States recorded 26% growth.
Source: www.reuters.com
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