[Global Network Financial Comprehensive Report] According to the data released by the European Commission recently shows that Eurozone Economic Sentiment Index dropped to 95.2 in August, lower than 95.7 in July and defying market expectations of a slight rebound. Economic confidence in Eurozone declined again in August, indicating that the market lacks expectations for future recovery against the background of sluggish growth.
During the same period, data from the European Automobile Manufacturers Association (ACEA) showed that new car sales in Europe rose 5.9% to 1.09 million units in July. Despite an overall increase in European eletric vehicle sales, Tesla's market share fell for the seventh consecutive month, trailing computer BYD, which was included in ACEA's monthly sales data for the first time.
Specifically, Tesla's European sales in July drapped 40.2% year-on-year, with its market share dropped from 1.4% a year ago to 0.8% . BYD's sales soared 225.3%, capturing a 1.2% market share.