The market share of Chinese car manufacturers in Europe declined last October after reaching record levels in September. According to the research firm 'Dataforce', sales of Chinese hybrid cars experienced rapid growth across the entire European continent, while the overall market share of Chinese car companies in Europe fell to 12.6% in October, down from 15.6% in September. Additionally, new electric vehicle registrations, a key category for Chinese brands, decreased to 11.8% from 12.6% in the previous September across the European Union, European Free Trade Association countries, and the United Kingdom.
Chinese Car Market Share in Europe Declines
Research shows Chinese carmakers' market share in Europe fell to 12.6% in October after hitting record highs in September. Hybrid car sales grew, while new electric vehicle registrations declined.