BUSINESSSEMAFOR
BYD sales rise for third straight month on exports surge
BYD's electric vehicle sales rose 22% year-over-year in July, driven by three consecutive months of export growth, as domestic demand in China declines. Tesla's European sales recovered due to higher fuel prices, but European perceptions of Chinese government support for BYD are less negative than Tesla's association with Elon Musk, amid potential restructuring of Tesla's China business.
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- Tesla's China-made EV sales jump nearly 40% in May as domestic market rebounds
- Tesla’s Europe sales rebound
- China’s passenger car exports are up 80% in June as EV demand grows, while sales drop at home
- Chinese carmakers BYD, Chery chart 80% growth overseas as EV demand spikes
- China’s exports jump 19.4% in May from a year earlier, boosted by demand for autos and tech goods