<div id="readability-page-1"><div><div><p>Global electric vehicle sales grew over 21% year-on-year in July and crossed 10.7 million units sold globally, a 27% year-to-date increase as China continues to be in the driver's seat of global EV growth.</p><h2>1.6 Million Electric Vehicles Sold In July, China Continues 50% Market Penetration</h2><p>Global EV sales clocked in at 1.6 million units in July, which, while representing a 21% YoY growth, still declined 9% when compared to May 2025, data shared in a report by market research firm Rho Motion showed on Tuesday.</p><p>The report shows that China has maintained a 50% EV penetration rate for July despite a slip in sales, with the EV market falling 13% in July compared to June 2025. China's EV sales were also up 40% Year-To-Date.</p><h2>North America Records 2% Growth In EV Sales</h2><p>EV sales in North America recorded a modest 2% growth YTD and Rho Motion expects short-term growth in EV sales before the $7,500 Federal EV Credit ends on September 30.</p><p>Elsewhere, the European EV sales grew 30% YTD. Germany and the UK lead with growth of 43% and 32%. Italy experienced a 40% surge in sales, the report suggests.</p><h2>Tesla Sales Down, BYD Experiences Growth</h2><p>The report comes as <strong>Tesla Inc.</strong> <span>TSLA</span> recorded dwindling sales in multiple markets throughout the globe. Tesla also experienced a 21% fall in sales in California.</p><p>Elsewhere, <strong>BYD Co. Ltd.</strong> <span>BYDDY</span> <span>BYDDF</span> also recorded a growth of more than 300% in the UK as the company bolsters its presence overseas.</p><h2>Ford Unveils New EV Platform, GM To Source Batteries From CATL</h2><p><strong>Ford Motor Co.</strong> <span>F</span> has unveiled its all-new affordable EV platform that the company says will help the company compete with the Chinese automakers. The company also plans to invest $5 billion into production efforts.</p><p>Meanwhile, <strong>General Motors Co.</strong> <span>GM</span> has announced it will import LFP batteries from <strong>Contemporary Amperex Technologies Limited</strong>, or CATL, for the company's most affordable electric vehicle, the Chevrolet Bolt EV.</p><p><em>Check out more of Benzinga’s Future Of Mobility coverage by</em><em> following this link.</em></p><ul> <li>Gene Munster Says ‘Never Bet Against Elon’ — Musk Will Get What He Wants From Apple Without Lawsuit, ‘Give It Two Weeks’</li> </ul><p><em>Photo Courtesy: Natee Meepian On Shutterstock.com</em></p></div></div></div>

BYDDF

002594

BYDDY

01211

<p>Global electric vehicle (EV) sales surged over 21% year-on-year in July, totaling 10.7 million units sold globally, with China leading at a 50% market penetration. North America saw a modest 2% growth, while Europe recorded a 30% increase, particularly in Germany and the UK. Tesla's sales declined, notably by 21% in California, while BYD's sales in the UK grew over 300%. Ford introduced a new affordable EV platform, and GM plans to source batteries from CATL for the Chevrolet Bolt EV.</p>

- Global electric vehicle sales increased by over 21% year-on-year in July, reaching 1.6 million units, with China maintaining a 50% market penetration despite a 13% decline from June.  
- North America saw a modest 2% growth in EV sales year-to-date, while Europe experienced a 30% increase, led by Germany and the UK.  
- Tesla's sales fell in several markets, whereas BYD reported over 300% growth in the UK, and Ford introduced a new affordable EV platform while GM plans to source batteries from CATL.

EV Sales Surge In Europe, China — Tesla Slips While BYD Grows 300% In UK