On September 25, data released by the European Automobile Manufacturers Association (ACEA) on Thursday revealed that BYD's new - car sales in the EU market soared in August. Compared to the same period last year, its sales tripled. Moreover, for the second consecutive month, BYD's sales outstripped those of its American rival, Tesla.

The data showed that in August, total car sales in the EU, the UK, and the European Free Trade Association (EFTA) climbed by 4.7%, reaching 800,000 units. Specifically, car sales within the EU region witnessed a 5.3% increase. When it comes to vehicle registrations, battery electric vehicles, hybrid electric vehicles, and plug - in hybrid electric vehicles saw significant growth. Their registration numbers rose by 30.2%, 54.5%, and 14.1% respectively. Collectively, these three vehicle categories made up 62.2% of the total car registrations in the EU. This is a notable jump from the 52.8% recorded in the same period the previous year.

On the flip side, Tesla's performance in the EU was less than stellar. Its sales in the region plummeted by 36.6% on a year - on - year basis. As a result, its market share dwindled from 2% a year ago to just 1.2%. In stark contrast, BYD experienced a remarkable surge. Its sales skyrocketed by 201.3%, enabling it to raise its market share to 1.3%. Another Chinese automaker, SAIC Motor, also fared well. In August, its sales increased by 59.4%. With a year - to - date market share of 1.9%, it successfully secured a spot among the top ten best - selling automakers in the EU market.