Analysis: The Rise of BYD in Europe’s EV Market

China’s EV giant, BYD, has emerged as a formidable player in the European electric vehicle market. With a staggering 2.3 million EVs sold in 2025, BYD has surpassed Tesla to claim the title of the world’s largest EV manufacturer. The company strategically leveraged its expertise to gain a strong foothold in Europe, where EVs represent approximately 20 per cent of new car sales. Notably, the popular BYD Dolphin model is priced from €30,000 in the European market, accompanied by a hefty 35 per cent EU tariff. The existence of this tariff wall has motivated BYD to establish full-scale manufacturing units…