BYD's sales in the German market surged by 1,000%, further widening the gap with Tesla

Wallstreetcn
2026.02.04 19:02

BYD continues to expand in Europe's largest electric vehicle market, with its sales in Germany soaring more than tenfold last month.

According to data released by the Federal Motor Transport Authority on Wednesday, BYD sold 2,629 new cars in Germany in January, far exceeding the 235 units sold in the same period last year, and more than double Tesla's 1,301 registrations.

Due to fierce price competition in the domestic electric vehicle market, Chinese brands such as MG, Leapmotor, and XPeng have been expanding in Europe for months. As the largest market in the region, Germany has become a key battleground