Bloomberg reported on October 29: "Chinese automakers achieved their best monthly sales in Europe in September. According to Dataforce data, BYD, SAIC MG, Chery and other companies have a market share of 7.4% in European passenger vehicles, surpassing South Korean automakers for the first time. Analyst Kibis pointed out that this explosive growth is a precursor to a future trend, and the penetration rate of Chinese brands in Europe is continuously increasing. Although China's overall share is still small, it has accurately targeted niche markets, launching plug-in hybrid electric vehicles (PHEVs) with competitive pricing. Data shows that in September, the market share of Chinese brands in PHEVs in Europe increased by 7 percentage points to 20%, and the market share of pure electric vehicles (EVs) rose by 1.7 percentage points to 11%. Companies such as BYD are continuing to expand their dealer networks and product lines."
[Witty] Chinese automakers have broken through in Europe, not by overtaking but by changing lanes! With a 7.4% share, they have surpassed South Korean automakers for the first time. This is not an accidental surge in sales, but a clear signal of the restructuring of the global automotive industry. The core is not chasing in traditional tracks, but completing a lane change through precise strategies. The growth secret of the European market lies in breakthroughs in specialized fields: focusing on the golden track of PHEV during the transition phase, quickly capturing a 20% share with price advantages, while steadily penetrating the EV market. This reflects the accurate market understanding of Chinese automakers, rather than simple low-price dumping. More significantly, this share was directly taken from Japanese and South Korean automakers, proving that Chinese automakers have formed a generational advantage in new energy technology and product definition!
Some comments stated that as dealer networks expand and product lines become richer, this industrial transformation led by Chinese automakers has only just begun!
Original article: www.toutiao.com/article/1847305397659652/
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