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With the new Model Y expected to help Tesla make up some sales ground, BYD is also introducing its new model, essentially an enlarged version of the Seagull, priced at €20,000. This competitive pricing and the arrival of new models could further bolster BYD’s position in Europe.
Future Predictions for BYD
Recent projections suggest BYD is on track to potentially surpass Toyota in global sales by 2029, thanks to an anticipated delivery of over six million vehicles worldwide this year. The company is well-positioned to penetrate the European market further, as they rank among the top 10 EV brands in Europe for April. Nevertheless, they currently face the challenge of tariffs, with BYD vehicles subjected to a significant 28% import tariff.