Europe’s passenger-car market staged its strongest monthly expansion since April 2024, with July registrations across the European Union, the U.K. and the European Free Trade Association rising 5.9% year on year to about 1.09 million units, according to the European Automobile Manufacturers Association. Plug-in hybrid sales recorded their fastest growth since at least early 2023, while battery-electric volumes posted their biggest jump in almost a year, lifting electrified models to nearly 60% of total registrations. Chinese electric-vehicle maker BYD capitalised on the rebound, more than tripling European registrations to 13,503 vehicles and capturing 1.2% of the market—the first time the Shenzhen-based group has featured in the ACEA’s monthly data set. Tesla’s registrations fell 40% to 8,837, cutting its market share to 0.8% and marking a seventh consecutive monthly decline. Volkswagen and Renault gained 11.6% and 8.8% respectively, while Stellantis slipped 1.1%. Separately, Toyota Motor Corp. reported record July results, with global sales up 4.8% to 899,449 vehicles and production rising 5.3% to 846,771. The world’s largest automaker notched a seventh straight month of growth as demand in the United States and China offset lower output at home, underscoring the divergent fortunes of legacy carmakers and pure-play EV competitors.
BYD H1 Earnings: Revenue: CNY371.28B || Net Income: CNY15.51B, +13.8% || Gross Margin: 18%
Tesla's sales in Europe have fallen sharply in Europe amid a backlash over Elon Musk's relationship with Donald Trump and the rise of Chinese EV carmakers. https://t.co/T4E83O7j0y
Les ventes de Tesla en Europe continuent de baisser fortement, tandis que BYD accélère sa croissance, selon les données de l'European Automobile Manufacturers Association. https://t.co/HMCIiPzxS9