TECH - Tesla Other US Automakers Lose Ground In UK To Chinese And Domestic Players | 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), 2,904 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 June, marking a near 2,800% jump from last year.
SAIC Motor-owned MG saw registrations jump nearly 11% to 44,046 units while Great Wall Motor‘s Ora brand witnessed a nearly 202% jump in registrations to 895 units.
Domestic players including BMW, Mercedes-Benz, and Volkswagen also saw registrations in the period jumped 33.58%, 20.93%, and 4.94%, respectively. ...