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00:02Chinese automaker BYD is rapidly gaining ground in Europe,
00:05outselling Tesla in Germany and the UK last month, according to Electrek.
00:09BYD sold over 380,000 new energy vehicles in April,
00:12a 21% increase from the same month last year.
00:15Since adding gas-powered car production in 2022,
00:17the company has focused solely on EVs and plug-in hybrid EVs,
00:21a strategy that has proven successful.
00:23BYD sold over 79,000 vehicles overseas in April,
00:26marking its fifth consecutive month of international growth.
00:28Year-to-date, overseas sales has surpassed 285,000,
00:32more than doubling compared to last year.
00:35EV giant outsell Tesla in Germany last month
00:37for into sales data from the German Federal Road Traffic Agency, KBA.
00:41For all things money, visit Benzinga.com slash GSTV.
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