Chinese brands hit record 10.9% share in Europe in June as MG, BYD and Chery surge

"Chinese Automakers Make Significant Strides in Europe's Electric Vehicle Market. Chinese brands have made a notable push into Europe's electric vehicle market, capturing a significant 10.9% share in June with a total of 150,272 sales. This represents a staggering 118% year-over-year increase, underscoring the growing influence of Chinese automakers on the European market. The sales figures, which saw MG lead BYD by a 340-unit margin, suggest that Chinese brands are adapting quickly to the EU's evolving regulatory landscape. Notably, plug-in hybrids have seen a surge in popularity as manufacturers seek to avoid EU tariffs on pure electric vehicles, a strategy that appears to be paying off for Chinese brands like MG and BYD."

Chinese brands captured 10.9% of Europe’s market in June with 150,272 sales, up 118% year over year. MG held a 340-unit lead over BYD. Plug-in hybrids surged as brands avoided EU tariffs on pure EVs.