Chinese automakers defy EU tariffs, capture close to 13% of Europe's EV market
2025-12-31 21:35
Chinese car manufacturers hit a record in November. They grabbed 12.8% of Europe’s electric vehicle market despite facing new tariffs from the European Union. Dataforce numbers seen by Bloomberg show Chinese brands also passed 13% in hybrid vehicle sales across the EU, EFTA countries, and the UK. BYD and SAIC Motor are leading. Newer players like Chery Automobile and Zhejiang Leapmotor Technology are pushing in too. The reason? Too much manufacturing capacity back in China. Carmakers there are stuck in brutal price wars at home. They need somewhere else to sell. BYD goes all-in on Europe BYD is setting up local factories in Europe. Adding plug-in hybrids and premium brands. Competition at home is getting rough with rivals like Geely and Xiaomi gaining ground fast. The Shenzhen company already did the heavy lifting. Built its brand. Got dealer networks running. Put charging stations across Europe. They want everything ready before...
