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BYD keeps eye on Europe, Latin America, while Tesla sees slump

Summary by Carbon Copy
BYD, China’s top automaker, plans to sell half of its cars outside China by 2030, reported Reuters. The growth will primarily be fuelled by expansion in Latin America and Europe, as the US is still restricted to Chinese automakers due to trade restrictions. On the other hand, BYD’s chief rival Tesla saw shipments from its Shanghai plant decline for the seventh consecutive month, according to Bloomberg—58,459 cars were shipped out, which was roug…
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Carbon Copy broke the news in on Thursday, May 15, 2025.
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