TECH - Chinese Automakers Surge In UK As Tesla Ford Sputter: BYD Leads 2700% Sales Increase In May | Benzinga
Chinese automakers including BYD Co Ltd (OTC:BYDDY) (OTC:BYDDF) gained ground in the United Kingdom in May as American automakers including EV giant Tesla Inc (NASDAQ:TSLA) and Ford Motor Co (NYSE:F) faltered.
What Happened: As per data from the Society of Motor Manufacturers and Traders (SMMT), 596 vehicles from BYD were registered in the U.K. in May, marking a nearly 2,700% jump from last year.
SAIC Motor-owned MG saw registrations jump nearly 15% to 7,223 units while Great Wall Motor‘s Ora brand witnessed a near ...