Core Insights - BYD has surpassed Tesla in unit sales in Europe, driven by new vehicle launches and declining demand for Tesla [1][5] - The company plans to release new vehicles rapidly, including the affordable Dolphin Surf EV priced under $25,000 [2][5] - BYD's aggressive product strategy includes launching six cars in less than a year, covering key segments of the European market [3][5] Vehicle Launch Strategy - BYD aims to launch new vehicles faster than any other automotive company in Europe [2] - The Dolphin Surf EV is highlighted as a crucial addition to compete with low-cost EVs in the region [2][3] - The company is also introducing luxury models under the Denza Yangwang brand [3] Sales Projections - BYD is projected to more than double its sales in Europe to approximately 186,000 units this year, with potential to reach 400,000 units in four years [6] - The company has already outsold Tesla in Europe and achieved a milestone by beating Tesla in global EV sales for the first time in 2024 [5][6] Manufacturing Expansion - BYD will begin production at a new manufacturing plant in Hungary by the end of 2025, enhancing production capacity and customization options [5] - Future models will increasingly cater to the European market, with a focus on regional specifications [6] Stock Performance - BYD stock closed at $98.56, down 2.28%, but has seen a year-to-date increase of 48% in 2025 [6]
BYD Beats Tesla In Europe: Never Been 'Such A Product Offensive Done'