From Nasdaq: 2025-05-26 10:17:00

BYD Company Limited surpassed Tesla, Inc. in electric vehicle sales in Europe for the first time in April, registering 7,231 new battery-electric vehicles, a 169% increase from last year. Tesla saw a 49% drop in sales, as the overall EV market in Europe expanded by 28%. Volkswagen and Skoda also saw significant sales increases.

BYD’s lead over Tesla was even more pronounced when plug-in hybrid sales were factored in, with a total sales surge of 359% year over year in April. Initially focused on fully electric cars, Chinese automakers like BYD have started selling more plug-in hybrids in Europe due to increased tariffs on Chinese EVs last year.

BYD plans to expand its European EV offerings with the Dolphin Surf, an affordable electric hatchback priced under €23,000. The model includes high-end features and is positioned to compete with models like Renault’s R5 and Stellantis Citroën’s ë-C3. BYDDY carries a Zacks Rank #3 (Hold), with better-ranked stocks like Ferrari N.V. and Strattec Security Corporation sporting a Zacks Rank #1 (Strong Buy) at present.

Experts have identified 7 elite stocks, including some in the auto space like Ferrari N.V. and Strattec Security Corporation, as “Most Likely for Early Price Pops.” Since 1988, the full list of Zacks Rank #1 Strong Buys has beaten the market with an average gain of +23.0% per year. Tesla, Inc. (TSLA), Strattec Security Corporation (STRT), and Ferrari N.V. (RACE) offer free stock analysis reports.



Read more at Nasdaq: BYD’s EV Sales in Europe Surpass Tesla for the First Time