<ul><li>Chinese automaker BYD outsold Tesla in Europe last month, registering 7,231 battery electric vehicles compared to Tesla's 7,165 units.</li><li>BYD's rapid rise in Europe is attributed to the success of models like the low-cost Seagull hatchback and plans for new production facilities in Hungary and Turkey.</li><li>Tesla faced a 49% drop in April sales in Europe, with factors such as Model Y redesign, postponed production, and shifting public opinion impacting their performance.</li><li>Globally, BYD has surpassed Tesla in quarterly BEV sales, holding 15.4% of the market compared to Tesla's 12.6%, signaling a significant industry shift towards underdog EV brands.</li></ul>

BYD Overtakes Tesla in Europe for the First Time

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