<div id="readability-page-1"><div><div><p>The UK has now become Chinese EV giant <strong>BYD Co. Ltd.</strong>'s (OTC:BYDDY) (OTC:BYDDF) largest international market as <strong>Tesla Inc.</strong> (NASDAQ:TSLA) sales continue plummeting in Europe.</p><h2>BYD Sales Increase Ten-Fold</h2><p>The company sold 11,271 vehicles in the UK during September, much higher than the 1,150 units it sold in the region during September last year, The Financial Times reported on Monday. BYD's current EV market share in the UK stands at 3.6%, second to Tesla, the report said.</p><p> The company aims to become the UK's biggest EV and PHEV company, with the UK manager Bono Ge saying that BYD wants &#34;to see steady growth and . . . we want people to see we are a technology company,&#34; the report said.</p><h2>BYD's UK Growth, Tesla's Sales Fall</h2><p>The news comes as BYD had recorded a more than 300% surge in the UK during July, selling 3,184 units in the country, with rival Tesla selling 987 units during the same period in the region, down from 2,462 units in the UK last year.</p><p>Tesla's sales also fell by more than 25% in the Italian market, according to data released by the authorities in Italy, as the EV giant sold 1,450 units in the region during September.</p><h2>BYD Expects Overseas Surge, Cuts Annual Forecast</h2><p>BYD also says it is expecting a growth in its overseas sales, with the overseas market representing anywhere from 800,000 to 1 million, representing about 20% of its total deliveries. The company is also planning to introduce China-developed models in overseas markets.</p><p>Meanwhile, the Chinese automaker also cut its annual production forecast by over 16% to 4.6 million units. The earlier target was 5.5 million units. The automaker also recorded a 30% decline in profits domestically in China.</p><p><em>Check out more of Benzinga's Future Of Mobility coverage by</em><em> following this link</em><em>.</em></p><ul> <li>Warren Buffett’s Berkshire Hathaway Exits BYD Position After 17 Years, Ending Charlie Munger-Backed Bet</li> </ul><p><em>Photo courtesy: Tada Images / Shutterstock.com</em></p></div></div></div>

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<p>The UK has become BYD's largest international market, with sales soaring to 11,271 vehicles in September, up from 1,150 last year. BYD's market share in the UK is now 3.6%, second to Tesla, whose sales have plummeted. BYD aims for steady growth and plans to introduce new models overseas. However, the company has cut its annual production forecast by over 16% to 4.6 million units, amid a 30% decline in domestic profits in China.</p>

- BYD Co. Ltd. has become the largest international market for Chinese electric vehicle sales in the UK, selling 11,271 vehicles in September, a ten-fold increase from last year.  
- Tesla's sales in Europe are declining, with only 987 units sold in July and a 25% drop in Italy, highlighting BYD's growing market share of 3.6%.  
- Despite this growth, BYD has cut its annual production forecast by over 16% to 4.6 million units due to a 30% decline in domestic profits.  

UK Becomes Tesla Rival BYD's Largest International Market Amid Europe Expansion