Chinese Carmakers Capture 1 in 10 European Sales as BYD More Than Doubles Deliveries
Updated
Updated · The New York Times · Oct 12
Chinese Carmakers Capture 1 in 10 European Sales as BYD More Than Doubles Deliveries
3 articles · Updated · The New York Times · Oct 12
Summary
Chinese brands now account for about 1 in every 10 cars sold in Europe, up from 1 in 100 five years ago, as they gain share in one of the auto industry's most competitive markets.
U.S. tariffs have largely shut Chinese automakers out of America, while higher gasoline prices in Europe are steering buyers toward lower-cost electric models and hybrids.
BYD has more than doubled its European sales this year and plans a dense German retail network; Xiaomi is using Germany as the base for a wider push after selling 700,000 cars in China.
Chery is expanding even faster, with its Jaecoo 7 becoming Britain's best-selling vehicle in September, underscoring growing pressure on Volkswagen, BMW and Mercedes-Benz.