Browsing: EV sales

Tesla experienced a significant downturn in German sales, plummeting 76% in February, according to Reuters. This sharp decline raises concerns about the company’s competitiveness in the European electric vehicle market amid increasing local competition.

BYD’s sales surged by an impressive 164%, showcasing its rapid growth in the electric vehicle market, while XPeng reported even stronger performance. This surge underscores the intensifying competition among EV manufacturers as consumer demand escalates.