BYD stock plunges following deep price cuts as EV sales surpass Tesla in Europe:
Shares of BYD plunged following steep discounts across several models ...
euronews.com/business/2025/05/27/byd-stocks-plunge-following-deep-price-cuts-as-ev-sales-surpass-tesla-in-europe
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BYD Surpasses Tesla Amid Stock and Price TurmoilBYD cut prices up to 34% and sold 380,089 NEVs in April, outselling Tesla in Europe for the first time in 2025.
Key FactsMay 27, 2025 · Reading time: ~30 sec.
Summary created with AI assistance · Source: euronews.com
Summary created with AI assistance · Source: euronews.com
- BYD shares dropped sharply after discounts of up to 34% on 22 models triggered fears of a renewed price war in China’s EV sector.
- Despite the decline, BYD’s stock remains over 50% higher year-to-date on the Hong Kong exchange, contrasting Tesla’s 13% fall.
- April sales of new energy vehicles rose 21% year-on-year to 380,089 units, with BYD outselling Tesla in Europe by 7,231 electric cars.
- Investments include advanced driver-assistance technology and a new Hungarian plant aimed at expanding BYD’s international market presence.
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Apr 27, 2023 · Reading time: ~15 sec.
Summary created with AI assistance
Summary created with AI assistance
- 323,519 of the sales were battery electric automobiles.In comparison, Tesla delivered 564,743 vehicles in the first two quarters of 2022, with production at its Gigafactory in Shanghai slowing in the second quarter due to a shutdown.BYD's plants have been able to stay open despite a series of regional lockdowns across China because they are primarily located outside major COVID hotspots such as Shanghai, where Tesla has its greatest Chinese presence.
- Tesla's Shanghai Gigafactory 3, which accounts for half of the company's global output in 2021, was shut down for 22 days in May due to the city's COVID shutdown.
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