Group 1 - Chinese automakers achieved a record 12.8% market share in the European EV market in November, according to Dataforce [2] - Key players in this growth include BYD Co. Ltd., Leapmotor, and Chery Automobile, with Chinese-made hybrid vehicles also surpassing 13% market share across the EU, EFTA countries, and the UK [2] - BYD reported a remarkable 222% increase in sales in Europe during November, contrasting with Tesla's 23% decline in U.S. sales [3] Group 2 - Chinese exports of vehicles grew by over 87%, with exports to Europe increasing by 63% year-over-year, totaling 42,927 vehicles [4] - In December, over 199,836 vehicles were exported from China, indicating strong international demand [4] - Xpeng Inc. is expanding into Europe, targeting markets in Estonia, Lithuania, and Latvia, as well as Cambodia in Asia [4]
Beating Tesla In Europe, Chinese Automakers Take Record Share Of EV Market As BYD Sales Surge - BYD (OTC:BYDDF), BYD (OTC:BYDDY)