European electric vehicle market continues to expand: BYD and Leapmotor sales surge, pure electric vehicle growth exceeds 38%
- According to the latest data from the European Automobile Manufacturers Association (ACEA), since the association began including BYD in its statistics last summer, the Chinese car manufacturer has seen its monthly sales in Europe continue to surge. Last month, BYD’s sales more than doubled, reaching 27,008 vehicles. Meanwhile, Leapmotor’s sales in Europe also grew more than fourfold, reaching 8,745 vehicles.
- Overall, the European pure electric vehicle market performed strongly, with sales increasing by more than 38% year-on-year last month. Registrations of hybrid vehicles rose by nearly 13%, and plug-in hybrid model registrations also increased by over 20%.
- Across the European market, monthly passenger car registrations increased by 7% year-on-year. In the EU, registrations rose by 5.1%, with Germany’s sales growing by 2.7% and Italy’s sales increasing by nearly 12%.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Volkswagen plunges! Profit forecast for 2026 significantly lowered, Porsche writes down €6 billion
Volkswagen expects the Group's operating sales return in 2026 to reach a maximum of only 1%, far below the previously projected 4% to 5.5%. The company anticipates that special items will impact full-year operating profit by about 10 billion euros, with around 6 billion euros attributable to non-cash impairments of goodwill in Porsche's operations. Increased competitiveness from Chinese automakers and accelerated consumer demand shift toward pure electric vehicles are also significant pressures facing Volkswagen. As a result of this news, Volkswagen's share price closed down 5.6% on Friday.
Glaukos Chief Development Officer Tomas Navratil sells 1,457 common shares worth $242,953.44
IT Tech Packaging auditor HCL resigns, company seeks replacement
As US Treasury yields rise, the cost of borrowing short-term Treasuries surges, with traders aggressively building short positions
The US Treasury will conduct auctions of two-year, five-year, and seven-year Treasury bonds next week. Currently, traders are racing to borrow bonds to short them, driving the borrowing costs for short-term Treasuries sharply higher. On Friday, the overnight repo rate for borrowing the current two-year Treasury was about 0.79%, while the rate for the five-year even dropped to as low as -0.85%. In contrast, the repo rate for regular Treasuries was around 3.88%.
Crypto prices
More
