Chinese EV makers surge to 11% market share in Europe
Chinese carmakers captured a record 11% of the European electric vehicle (EV) market in June, with approximately 23,000 battery EVs registered – a 72% increase from the previous month. This surge was driven by buyers rushing to beat new EU tariffs, which have recently been implemented. SAIC, the parent company of MG, saw the largest increase in sales, with nearly 13,400 units sold, compared to just under 4,000 by rival BYD. The EU and UK accounted for nearly half of China’s EV exports in the first half of the year, while the US imposed a 100% tariff on Chinese EVs.