BYD Beats Tesla In EU August Sales For Second Month As EVs And Hybrids Drive Growth

Benzinga

BYD outsold Tesla in the EU for a second month in August as carmakers face tariffs, strict EV rules, and rising hybrid demand. EU auto sales rose 5.3%, with electrified vehicles topping 62% of registrations.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:02Chinese EV maker BYD outsold Tesla in the European Union for the second straight month in August, according to Reuters.

00:08Europe's auto industry is under pressure from U.S. tariffs, Chinese competition, and the cost of meeting EV regulations.

00:15Carmakers are leaning on plug-in hybrids to meet emission rules and profitability targets,

00:19while Chinese brands use them to offset tariffs and appeal to wary European buyers.

00:23EU car sales rose 5.3% in August, with electric ride vehicles climbing to 62.2% of registrations from 52.8% a year earlier.

00:33For all things money, visit Benzinga.com.

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