BYD became one of the main players in the European electric vehicle market in 2025. In July, new car registrations in the EU increased by 7.4% year-on-year, and the Chinese automaker was among the leaders in growth. Its sales in July rose by more than 200%, while for the period from January to July 2025, they surged by over 250%. According to TradingView data, stock prices are also on the rise.

BYD and chinese rivals gain lead over Tesla

Tesla, until recently the dominant brand, is experiencing the opposite trend. Sales in the EU fell by 43.5% and in July alone by 42.4%. The brand’s market share thus dropped from 2.1% in 2024 to only 1.2%. This dramatic decline is also linked to Elon Musk’s political activities, which experts say are weakening Tesla’s image in Europe.

BYD recorded a 1.1% market share in July 2025, surpassing Tesla with its 0.7%. Over the seven months, it achieved a 0.9% share compared to only 0.3% in 2024, clearly demonstrating its rapid progress, reports Euronews.

A similar trend is seen with the Chinese company SAIC Motor, which oversees brands like MG, Roewe, and IM Motors. Between January and July, it increased sales by more than 30% and gained a 1.9% market share.

The European electric vehicle market as a whole is growing. In the first seven months of 2025, battery electric vehicles accounted for 15.6% of all registrations, up from 12.5% in 2024. Spain recorded the strongest growth at 89.6%, followed by Germany at 38.4% and Italy at 29%. France was an exception, with sales declining by 4.3%.

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Electric vehicle stocks on the rise

As we can see, according to TradingView data, Tesla shares have increased approximately 1,970% since the beginning of 2020, while BYD shares have risen “only” by 810%. Although this difference represents more than double growth in Tesla’s favor, the market situation shows the opposite trend.

Tesla’s share of the European electric vehicle market is declining significantly, with its sales recently dropping by more than 40%. BYD, on the other hand, is growing rapidly and gaining popularity. Both stocks are currently trading at approximately 30% discount from their historical highs, reflecting investor uncertainty.