Tesla Faces 36% Sales Decline in Spain Despite Growing European EV Market
Tesla's new vehicle sales in Spain plummeted by 36% in April, delivering only 571 vehicles amid broader European market challenges. The American EV maker grapples with increasing competition from Chinese manufacturers and faces production hurdles at its Berlin facility.
Tesla's European Sales Slump: French Market Hits 4-Year Low Amid Growing Competition
Tesla faces significant challenges in European markets as French sales plummet 41.1% in Q1 2024, marking their lowest point since 2021. Chinese EV makers gain market share while Tesla grapples with aging products, increased competition, and brand reputation issues.
BYD Expands into Home Energy Storage with Advanced Battery-Box HVE System
Chinese tech giant BYD debuts its first residential energy storage solution with modular Battery-Box HVE system, offering capacities up to 70.92 kWh. The system features flexible configurations, high efficiency inverters, and a 15-year warranty for the European market.