BYD Proves Lead Over Tesla Won’t Stop
Source: 24/7 Wall St. ·
The EU is the world’s third-largest car market. Car makers sell about 13 million cars there a year, behind America’s 16 million and China’s 34 million. However, it has a distinction. It is the only large market in which all the world’s major car companies compete. The US blocks Chinese car sales. China’s highly successful […]
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BYD has spent two years outmuscling Tesla across Europe while Tesla hemorrhages ground in China, raising a question investors can no longer ignore: what happens when a car company loses every market except its home turf? This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. The EU is the world’s third-largest car market. Car makers sell about 13 million cars there a year, behind America’s 16 million and China’s 34 million. However, it has a distinction. It is the only large market in which all the world’s major car companies compete. The US blocks Chinese car sales. China’s highly successful car industry has effectively edged out foreign car companies. Tesla ( NASDAQ: TSLA | TSLA Price Prediction ) has modest sales. VW and Toyota ( NYSE: TM ) sell via joint ventures with local companies. Major US, Japanese, and South Korean companies all have significant EU sales. VW- and Stellantis-owned brands…