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Chinese car sales accelerate in Europe as Brussels weighs putting on the brakes

Citi analysts say five largest Chinese-owned groups – SAIC, BYD, Geely, Chery and Leapmotor – have 10.6 per cent share of European market

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BYD Dolphin Surf electric cars at a promotional event in Berlin last year. BYD was the bestselling Chinese car brand in Europe last month. Photo: Reuters
Huizhao Huangin BerlinandXiaofei Xuin Paris

Chinese carmakers continued their rapid expansion in Europe last month according to industry data released on Tuesday, as Brussels reportedly weighs fresh tariffs aimed at slowing their advance.

Geely Group was the highest-placed Chinese carmaker, ranking eighth among all manufacturer groups in May, according to the latest sales data released by the European Automobile Manufacturers Association (ACEA), covering the European Union, the United Kingdom and the four European Free Trade Association members: Iceland, Norway, Switzerland and Liechtenstein.

Including sales from European brands that it owns such as Volvo, Geely trailed European carmakers Volkswagen, Stellantis, Renault, BMW and Mercedes-Benz, Japan’s Toyota and South Korea’s Hyundai.

BYD sold more than 32,000 cars in May, up 136.6 per cent year on year, overtaking SAIC Motor to become Europe’s bestselling Chinese car brand, with a 2.8 per cent market share compared with SAIC’s 2.6 per cent. Chery and Leapmotor more than trebled their registrations from a small base.
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