ACEA: Chinese Automakers Contributed Nearly 70% of EU Car Market's Net Growth in First Three Quarters, BYD Overtakes SAIC
According to data released by the European Automobile Manufacturers' Association (ACEA) on October 22, in the first three quarters of this year, four Chinese automakers—BYD, SAIC, Chery, and Leapmotor—collectively registered approximately 602,400 new vehicles in the EU. This represents a year-on-year increase of 312,100 vehicles and accounted for 67.8% of the EU market's total net increase of approximately 460,500 vehicles. Among them, BYD's market share rose from 1.0% to 2.4%, surpassing SAIC (2.2%) for the first time to become the leading Chinese automaker in the EU. The combined market share of the four Chinese automakers increased from 3.60% to 7.07%.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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