Rail freight operators could win big from a surge of Chinese electric vehicles into Europe, with Shenzhen-based BYD outselling Tesla in the market for the first time.
Figures from Jato Dynamics for April show a 359% year-on-year leap in BYD’s Europe sales, as it registered some 7,231 new vehicles over the period to surpass Tesla, which has led the EV market in Europe for years.
The regulatory crisis in global trade and the era of trade wars and the Western sanctions against China and Russia that have unfolded in recent years have hastened already-rapid growth in bilateral trade between the states.
