TECH - Tesla Ford Hit The Brakes In UK As Warren Buffett-Backed BYD Zooms Ahead With 2500% Jump In Registrations | Benzinga
Chinese automakers are seemingly gaining ground in the United Kingdom as American automakers including EV giant Tesla Inc. (NASDAQ:TSLA) falters.
What Happened: As per data from the Society of Motor Manufacturers and Traders (SMMT), 1,611 vehicles from Chinese EV maker BYD Co Ltd. (OTC:BYDDY) (OTC:BYDDF) were registered in the U.K. this year as of the end of April, marking a near 2,500% jump from last year.
SAIC Motor-owned MG saw registrations jump nearly 11% to 28,509 units while Great Wall Motor‘s Ora brand witnessed ...