Chinese EV giant BYD sees UK sales soar by 880%
8 hours ago
- #UK Market
- #Electric Vehicles
- #BYD
- BYD's UK sales surged by 880% in September compared to the previous year, making the UK its largest market outside China.
- The company sold 11,271 cars in the UK last month, with the plug-in hybrid version of its Seal U SUV leading sales.
- The UK's lack of tariffs on Chinese EVs makes it an attractive market for BYD, unlike the EU and US.
- BYD's UK market share rose to 3.6% in September, with plans to launch more hybrid and electric models soon.
- UK EV sales hit a record high in September, with pure battery electric vehicles reaching nearly 73,000 units.
- Despite the EV surge, petrol and diesel vehicles still accounted for over half of new car sales in the UK.
- The EU imposes up to 45% tariffs on Chinese EVs, while the US maintains high tariffs, limiting BYD's access.
- BYD remains ahead of Tesla globally, despite slowing sales in China, and outperforms European brands like Jaguar and BMW.
- The UK government allocated £650m in discounts for EV buyers, excluding Chinese-made vehicles due to manufacturing emissions.
- BYD criticized the UK's exclusion of Chinese-made EVs, warning it could harm the UK car market long-term.