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Chinese electric carmaker BYD is making major strides in Europe, with sales surging nearly fivefold in September from a year earlier to just under 25,000 new registrations.
The jump reflects the company’s growing foothold in the region as it steadily narrows the gap with Tesla, the long-standing market leader in electric vehicles.
Once seen as a domestic player, BYD is now emerging as a global contender.
Its mix of affordability, range, and reliability has helped win over European drivers at a time when cost-conscious consumers are rethinking traditional car brands.
Popular models like the Atto 3, Dolphin, and Seal have gained traction across key markets including Germany, France, and the UK, pushing BYD further into the mainstream.
Tesla continues to lead in Europe, supported by its Berlin Gigafactory and the strong performance of the Model Y.
But BYD’s sharp growth suggests the balance of power may be shifting. The company’s ability to control its entire production chain from batteries to chips has allowed it to keep prices competitive even as rivals struggle with higher costs.
Europe’s electric vehicle market remains one of the fastest growing in the world, despite weaker subsidies and economic headwinds.
BYD’s expansion aligns with this momentum, and its planned manufacturing plant in Hungary signals a deeper commitment to the continent.
The move could also help mitigate risks from potential European Union tariffs on Chinese-made cars.
Still, the road ahead isn’t without obstacles. European regulators are stepping up scrutiny of Chinese EV subsidies, and established automakers are rolling out new electric models to defend their market share.
Yet BYD’s rapid rise highlights how the global auto landscape is changing fast.
With Tesla and BYD now vying head-to-head for Europe’s electric future, the competition is no longer about who got there first, but who can stay ahead in an increasingly crowded race.
France’s National Assembly has approved a bill banning access to social media for children under 15, a move backed by President Emmanuel Macron and the government as part of efforts to protect teenagers’ mental and physical health.
The S&P 500 edged to a record closing high on Tuesday, marking its fifth consecutive day of gains, as strong advances in technology stocks offset a sharp selloff in healthcare shares and a mixed batch of corporate earnings.
Israel has recovered the remains of the last remaining hostage held in Gaza, the military said on Monday, fulfilling a key condition of the initial phase of U.S. President Donald Trump's plan to end the war in the Palestinian territory.
Sanctions are a long-used tool designed as an alternative to military force and with the objective of changing governments’ behaviour, but they also end up hurting civilian citizens.
A routine military training exercise turned into a major recovery mission this week after a catastrophic mudslide swept through a hillside in West Java, Indonesia.
U.S. stock markets finished mixed on Wednesday (28 January) as investors reacted calmly after the Federal Reserve left interest rates unchanged, a decision that had been widely expected and largely priced in.
The S&P 500 edged to a record closing high on Tuesday, marking its fifth consecutive day of gains, as strong advances in technology stocks offset a sharp selloff in healthcare shares and a mixed batch of corporate earnings.
Chevron is in talks with Iraq’s oil ministry over potential changes to the commercial framework governing the West Qurna 2 oilfield, one of the world’s largest producing assets, after Baghdad nationalised the field earlier this month following U.S. sanctions imposed on Russia’s Lukoil.
Argentina's economic activity shrunk 0.3% in November compared with the same month last year, marking the first monthly contraction of 2025, data from Argentina's national statistics agency showed on Wednesday.
Wall Street closed sharply lower on Tuesday as global markets fell after U.S. President Donald Trump’s new tariff threats against Europe unsettled investors and revived fears of renewed volatility.
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