Analysts shocked by BYD and NIO failures in Europe and Germany

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In December 2023, the primary European automobile market experienced a continued decline, with 242,000 new car registrations, marking a 23% decrease compared to the previous year. Nio’s deliveries saw a 22% decline, while BYD experienced a 100% increase, and MG recorded a 54% uptick in the final month of the year.

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