Hyperdrive
Chinese EVs’ Market Share Across Europe Drops to Two-Year Low
Carmakers led by BYD and SAIC’s MG have been working to build Europe into an export stronghold.
Photographer: Liesa Johannssen/BloombergThis article is for subscribers only.
Chinese automakers missed out on a European rebound in EV demand last month, as more-established manufacturers like Volkswagen AG captured the biggest part of a jump in sales.
Just 6.9% of electric vehicles registered in the region in February were made by Chinese companies, based on data from automotive researcher Dataforce. That’s well below January’s 7.8% and the lowest since February 2023.