Bad News for Tesla: Britain Is Going Bonkers for Chinese Cars

Bad news for Tesla: Britain is going bonkers for Chinese cars

BYD's sales rose by over 400% in the UK in May.John Keeble/Getty ImagesSales of BYD and other Chinese EVs are surging in tariff-free UK, even as Tesla's plummet.One analyst told BI it's proof that in a straight fight, BYD can quickly take market share from legacy automakers.The US imposed 100% tariffs on Chinese EVs last year, and Elon Musk warned that they could "demolish" Western rivals.Tesla might be safe from Chinese EV competition in the US…

BYD Announces Plans to Deploy Ultra Fast Charging Network in Europe

BYD is planning to introduce its fast-charging network across several markets in Europe, according to a report by local media outlet Belga News.

Indicata predicts Chinese EV market price war impact on UK

China’s electric vehicle market price war could impact European new and used car markets, says Indicata. Chinese manufacturers have been slashing prices by up to 34% and average EV discounts have reached a record 17%. This could impact new and used car values in the UK. Andy Shields, Indicata’s global business unit director, said: “Chinese OEMs are facing massive oversupply and intense competition in their domestic market. “They need to find mar…

Chinese domestic car market price war could spill out to UK

Intense competition in China's domestic market could see even higher focus on the UK as an export market, with potential for price cuts and increased supply.

New and used car markets ‘at risk’ from Chinese automotive price war

Oversupply of electric vehicles in China has the potential to impact European new and used markets, new analysis suggests.