June 2 Chinese automakers are expanding in Europe, betting on their competitive pricing and advanced technology to break into a market traditionally dominated by European and American brands, amid a global shift towards electric vehicles.
This expansion has stoked trade tensions between Brussels and Beijing, including a row over EU tariffs on Chinese-made EVs, imposed to protect European producers
The following Chinese carmakers have expanded their footprint in Europe. BYD: BYD, the world’s largest EV seller, accounted for 2.2% of total car registrations, a proxy for sales, in the European Union, Britain and the European Free Trade Association between January and April, data from the European Automobile Manufacturers’ Association showed. The company, which sells cars across most of Europe, aims to be able to produce all of its EVs for the continent locally by 2028, Executive Vice President Stella Li told Reuters at the IAA Mobility car show in Munich.
BYD confirmed in May it was in talks with Stellantis and other European carmakers to take over underused factories in the region. CHERY: Chery operates in Europe through its eponymous brand and subsidiaries Jaecoo, Jetour and Omoda. It made up 2% of total registrations in Europe in January-April.