South Korean media: For the first time in history, China's electric vehicles surpass 15% market share in Europe!
On June 28, South Korea's *Herald Economic* published an article stating that Chinese electric vehicle companies set a new record for market share in Europe in April, with their influence rapidly expanding.
Recently, Bloomberg cited data from market research firm Data Force, reporting that "for the first time, Chinese brands accounted for over 15% of electric vehicle sales in Europe in April."
Data shows that major Chinese automakers, including BYD and Chery Automobile, sold 38,281 units in Europe in April—more than doubling the same period last year.
During the same period, Chinese brands also captured 29% of the plug-in hybrid electric vehicle market in Europe.
Looking at the entire automotive market—including electric vehicles—Chinese companies’ market share has approached 10%.
The head of UK-based AutoTrader Group said, “Chinese-made electric vehicles can be purchased for as little as around £389 per month,” adding, “They look cool, perform excellently, and are highly attractive to consumers.”
Chinese enterprises are beginning to secure local production capacity. BYD is building its own factories in locations such as Hungary and Turkey.
Leapmotor and Dongfeng Motor are advancing plans to acquire idle factories from local automotive companies, including Stellantis, or repurpose these facilities for producing electric vehicles.
Bloomberg stated: “Chinese electric vehicles are cheaper and often feature better technology, making them increasingly popular among drivers.”
Original source: toutiao.com/article/1869224145956940/
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