Story perspectives

BYD Dominates European EV Market Amid Intense Competition

11/10/2025

Summary

Story summary

Chinese electric vehicle (EV) makers, especially BYD, are rapidly expanding in Europe, intensifying competition with established brands like Hyundai.
A report shows that only four of about 130 Chinese EV manufacturers were profitable in 2024 due to domestic oversupply and price wars.
BYD's international sales increased by 160% in Q3 2025, capturing 30% of Chinese auto sales in Western Europe.
The company plans to build a manufacturing facility in Hungary and introduce premium brands to strengthen its market position.
Hyundai is struggling to compete with the lower prices of Chinese rivals, which have significantly increased their market share in Europe.

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Story summary

Chinese electric vehicle (EV) makers, especially BYD, are rapidly expanding in Europe, intensifying competition with established brands like Hyundai.
A report shows that only four of about 130 Chinese EV manufacturers were profitable in 2024 due to domestic oversupply and price wars.
BYD's international sales increased by 160% in Q3 2025, capturing 30% of Chinese auto sales in Western Europe.
The company plans to build a manufacturing facility in Hungary and introduce premium brands to strengthen its market position.
Hyundai is struggling to compete with the lower prices of Chinese rivals, which have significantly increased their market share in Europe.