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2021-03-02

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Tesla loses ground in European battery EV market

The U.S. electric car maker delivered 1,619 battery-powered vehicles to 18 key European markets in January, representing a 3.5% share of all battery EVs registered that month, Schmidt said. That's down from the 1,977 vehicles it delivered in January 2020, which at the time commanded a 5% market share.Tesla's 12-month rolling volumes have fallen behind Hyundaiand Kia, which are now the third most-popular EV group in Europe.In 2019, Tesla sat at the top of European EV charts, delivering 109K vehic

Tesla loses ground in European battery EV market

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That's down from the 1,977 vehicles it delivered in January 2020, which at the time commanded a 5% market share.\nTesla's 12-month rolling volumes have fallen behind Hyundai(OTCPK:HYMTF+3.7%)and Kia, which are now the third most-popular EV group in Europe.\nIn 2019, Tesla sat at the top of European EV charts, delivering 109K vehicles that year, or 31% of the region's battery-EV market. In 2020, Tesla fell to 13% of the European market, falling behind Volkswagen Group(OTCPK:VWAGY+0.3%), and the alliance between Renault(OTC:RNSDF+0.2%), Nissan(OTCPK:NSANY+1.3%), and Mitsubishi(OTCPK:MSBHF-0.5%).\nChina, meanwhile, has become the world's largest market for electric vehicles , with 179K battery electric and plug-in hybrid vehicles registered there in January vs. 110K in Europe.\nOther EV companies:(NIO+8.9%), XPeng(XPEV+4.0%), Byd Company(OTCPK:BYDDF+10.8%), Stellantis(STLA+3.0%), Daimler(OTCPK:DDAIF+0.3%)and BMW(OTCPK:BMWYY+0.7%).","news_type":1},"isVote":1,"tweetType":1,"viewCount":350,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":2,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}