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<blockquote data-quote="Weather Man" data-source="post: 16586156" data-attributes="member: 137766"><p><a href="https://seekingalpha.com/news/3667862-tesla-loses-ground-in-european-battery-ev-market" target="_blank">Tesla loses ground in European battery EV market</a></p><ul> <li data-xf-list-type="ul">Tesla's (<a href="https://seekingalpha.com/symbol/TSLA" target="_blank">TSLA</a> +5.8%) share of the European electric vehicle market <a href="https://www.marketwatch.com/story/teslas-market-share-in-europe-keeps-crumbling-as-china-reclaims-top-spot-in-global-ev-race-11614621780?mod=home-page" target="_blank">deteriorated</a> further in the first month of 2021, after losing market share in 2020, according to automotive analyst Matthias Schmidt.</li> <li data-xf-list-type="ul">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.</li> <li data-xf-list-type="ul">Tesla's 12-month rolling volumes have fallen behind Hyundai (<a href="https://seekingalpha.com/symbol/HYMTF" target="_blank">OTCPK:HYMTF</a> +3.7%) and Kia, which are now the third most-popular EV group in Europe.</li> <li data-xf-list-type="ul">In 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 (<a href="https://seekingalpha.com/symbol/VWAGY" target="_blank">OTCPK:VWAGY</a> +0.3%), and the alliance between Renault (<a href="https://seekingalpha.com/symbol/RNSDF" target="_blank">OTC:RNSDF</a> +0.2%), Nissan (<a href="https://seekingalpha.com/symbol/NSANY" target="_blank">OTCPK:NSANY</a> +1.3%), and Mitsubishi (<a href="https://seekingalpha.com/symbol/MSBHF" target="_blank">OTCPK:MSBHF</a> -0.5%).</li> <li data-xf-list-type="ul">China, 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.</li> <li data-xf-list-type="ul">Other EV companies: (<a href="https://seekingalpha.com/symbol/NIO" target="_blank">NIO</a> +8.9%), XPeng (<a href="https://seekingalpha.com/symbol/XPEV" target="_blank">XPEV</a> +4.0%), Byd Company (<a href="https://seekingalpha.com/symbol/BYDDF" target="_blank">OTCPK:BYDDF</a> +10.8%), Stellantis (<a href="https://seekingalpha.com/symbol/STLA" target="_blank">STLA</a> +3.0%), Daimler (<a href="https://seekingalpha.com/symbol/DDAIF" target="_blank">OTCPK<img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite8" alt=":D" title="Big Grin :D" loading="lazy" data-shortname=":D" />DAIF</a> +0.3%) and BMW (<a href="https://seekingalpha.com/symbol/BMWYY" target="_blank">OTCPK:BMWYY</a> +0.7%).</li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16586156, member: 137766"] [URL='https://seekingalpha.com/news/3667862-tesla-loses-ground-in-european-battery-ev-market']Tesla loses ground in European battery EV market[/URL] [LIST] [*]Tesla's ([URL='https://seekingalpha.com/symbol/TSLA']TSLA[/URL] +5.8%) share of the European electric vehicle market [URL='https://www.marketwatch.com/story/teslas-market-share-in-europe-keeps-crumbling-as-china-reclaims-top-spot-in-global-ev-race-11614621780?mod=home-page']deteriorated[/URL] further in the first month of 2021, after losing market share in 2020, according to automotive analyst Matthias Schmidt. [*]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 Hyundai ([URL='https://seekingalpha.com/symbol/HYMTF']OTCPK:HYMTF[/URL] +3.7%) and 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 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 ([URL='https://seekingalpha.com/symbol/VWAGY']OTCPK:VWAGY[/URL] +0.3%), and the alliance between Renault ([URL='https://seekingalpha.com/symbol/RNSDF']OTC:RNSDF[/URL] +0.2%), Nissan ([URL='https://seekingalpha.com/symbol/NSANY']OTCPK:NSANY[/URL] +1.3%), and Mitsubishi ([URL='https://seekingalpha.com/symbol/MSBHF']OTCPK:MSBHF[/URL] -0.5%). [*]China, 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. [*]Other EV companies: ([URL='https://seekingalpha.com/symbol/NIO']NIO[/URL] +8.9%), XPeng ([URL='https://seekingalpha.com/symbol/XPEV']XPEV[/URL] +4.0%), Byd Company ([URL='https://seekingalpha.com/symbol/BYDDF']OTCPK:BYDDF[/URL] +10.8%), Stellantis ([URL='https://seekingalpha.com/symbol/STLA']STLA[/URL] +3.0%), Daimler ([URL='https://seekingalpha.com/symbol/DDAIF']OTCPK:DDAIF[/URL] +0.3%) and BMW ([URL='https://seekingalpha.com/symbol/BMWYY']OTCPK:BMWYY[/URL] +0.7%). [/LIST] [/QUOTE]
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