BTCC
/
BTCC Square
/
Global Cryptocurrency
/
Chinese Automakers Gain Market Share in Europe, Fueled by UK Demand
Chinese Automakers Gain Market Share in Europe, Fueled by UK Demand
10
2
BTCCSquare news:
Chinese car manufacturers captured 7.4% of Europe's passenger vehicle sales in September, marking a sustained upward trend. The UK emerged as the largest European market for Chinese brands, accounting for nearly half of all sales. Analysts attribute this surge to favorable import taxes and the country's biannual license-plate renewal cycle.
BYD's UK sales grew sixfold month-over-month, with MG and Chery also posting strong results. The breakthrough highlights China's cost advantage in battery production—a key factor as European automakers face new trade tensions over semiconductor supply chains.
By:
