Xin Lang Cai Jing·2025-08-28 08:11Group 1: Market Overview - In July, new car sales in Europe increased by 5.9% year-on-year, primarily driven by strong demand in Germany, which offset declines in the UK, France, and Italy [1] - Overall new car sales in Europe, including EU, UK, and EFTA, reached 1.09 million units in July [1] - The EU's overall car sales rose by 7.4% year-on-year, with pure electric, hybrid, and plug-in hybrid vehicle registrations increasing by 39.1%, 56.9%, and 14.3% respectively, accounting for approximately 59.8% of total registrations [2] Group 2: Company Performance - Tesla's new car sales in Europe saw a significant decline of 40.2% year-on-year, with its market share dropping from 1.4% to 0.8% [2] - BYD's market share in Europe reached 1.2% in July, surpassing Tesla's share [1] - Volkswagen and Renault reported year-on-year increases in new car registrations of 11.6% and 8.8% respectively, while Stellantis experienced a slight decline of 1.1% [2] Group 3: Competitive Landscape - European automakers, including Volkswagen, are developing new electric vehicle models to compete with Tesla and Chinese electric vehicle manufacturers [1] - Tesla is facing increasing competition from low-cost electric vehicle rivals, particularly from China, as it struggles with an aging product lineup [2] - Tesla's CEO acknowledged the potential for "very tough quarters" ahead, particularly with the expiration of a $7,500 tax credit in the U.S. market [2]