Sales
BYD’s domestic price cuts are seen combining with weak demand and overcapacity to hit profits at the strongest brands and force feebler competitors to fold.
The talks on setting minimum prices for Chinese-made EVs in Europe follow steep EU tariffs imposed on Chinese vehicle imports.
Price increases from tariffs are inevitable for most manufacturers, but they will position adjustments strategically to avoid backlash from the Trump administration as well as consumer concern.
China-built vehicles had 9.4 percent of the British market in May, with BYD seeing a 408 percent jump in sales.
U.S. light-vehicle sales are projected to rise as much as 3.4 percent in May, forecasters say, a lower rate than March and April.
May U.S. sales results are coming in and so far they look pretty good — especially for Ford Motor Co.
CEO Elon Musk's political activities and an outdated model lineup have been blamed for Tesla's plunging sales in Europe, with Norway a lone bright spot.
Peugeot pushed cars into the fleet market while China's MG also added volume in the rental car sector. BYD sales were boosted by a new plug-in hybrid.
VW Group, Renault and BMW had sales increases while Stellantis and Mercedes registrations fell. EV sales were up but slower than some analysts had expected.
Tesla is sticking to its plan to double output at its plant in Germany and further expand its logistics and battery-making capabilities, a company executive said.
