Sept 23 (Reuters) - Chinese automakers sold more cars in
Europe than the Renault and Audi brands in August, helped by
booming plug-in hybrid sales, with models from BYD, Jaecoo and
MG in the category's top-ten sellers, data from JATO Dynamics
showed on Tuesday.
Tesla's Model Y remained Europe's most popular
battery-electric vehicle (BEV), but its sales dropped 37% from
the same month last year despite growing BEV sales overall, data
from the research firm showed.
WHY IT'S IMPORTANT
Chinese automakers have ramped up exports of plug-in hybrid
(PHEV) and hybrid electric vehicles (HEVs) to Europe and plan to
build more models locally, minimising the impact of the European
Union's tariffs on Chinese-made EVs.
PHEVs, which run on a combination of gasoline and
electricity, are gaining in popularity as an affordable
compromise between all-combustion and all-electric cars.
BY THE NUMBERS
Chinese carmakers had a combined market share of 5.5% in
August with over 43,500 sales, up 121% from August 2024, the
data showed. That was higher than Audi's 41,300 and
Renault's 37,800.
PHEV sales in 28 European countries were up 59% in August to
almost 84,000, with PHEVs of Chinese brands up 14-fold to
11,000.
BYD's Seal U, Chery's Jaecoo J7 and
SAIC's MG HS were among Europe's 10 best-selling
PHEVs.
BEV sales in Europe rose 27%, outperforming total market
growth of 5%, the data showed.
KEY QUOTES
"There was strong demand for BEVs in August, however a 27%
increase is less significant than it looks when you consider how
widely they are being promoted," JATO Dynamics analyst Felipe
Munoz said.
CONTEXT
BYD announced late last year it would start selling PHEVs in
Europe. Earlier this month, it said it would make all its EVs
for sale in Europe locally by 2028.