Chinese EV makers surge in Europe as Tesla stumbles

CDG News Alert (< 1 min. read)

Driving the news: Chinese automakers are gaining serious ground in Europe, with EV registrations from Chinese manufacturers surging 59% year-over-year to nearly 15,300 units in April despite EU tariffs, according to Jato Dynamics.

For context: BYD and other Chinese brands are capitalizing on a growing European EV market that saw overall electric vehicle sales jump 27.8% to 184,685 vehicles in April. Meanwhile, Tesla's European sales dropped 49% to just 7,261 vehicles, even after launching a new Model Y variant, per the European Automobile Manufacturers’ Association.

Why it matters: The broader EV market remains healthy with hybrids also jumping 31%, but market share is clearly being redistributed among competitors.

What we're watching: Chinese automakers are proving they can build a sustainable European market presence despite trade barriers, as long as the vehicle price is right.

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