The European automotive market is undergoing an electrification transformation. According to data from the Association of European Car Manufacturers (ACEA), in June this year, the number of new car registrations in the EU, the UK, and member states of the European Free Trade Association increased by 13.1% year-on-year, reaching 1.407 million units. Electric vehicles have become the main driver of market growth.
Data shows that in June, the number of pure electric vehicles registered in Europe increased by 51% year-on-year, while that of plug-in hybrid vehicles increased by 22.7%, and that of hybrid vehicles increased by 17.1%. The combined share of these three types of new energy vehicles accounted for more than 80% of the total number of new vehicle registrations.
Meanwhile, the market for traditional fuel vehicles continues to shrink, with the number of registered gasoline and diesel vehicles declining by 12.2% and 16.9%, respectively.
In the context of the expansion of the European new energy vehicle market, Chinese automaker brands are further expanding their influence.
Data shows that the sales of BYD, Chery, and Leapmotor in the European market increased by about 3 to 6 times compared to the same period last year. The sales of SAIC Group and Geely Automobile also increased by more than 50% and 11%, respectively.
In contrast, European domestic automakers have shown relatively moderate performance. Renault, Stellantis, and Volkswagen Group had new car registrations of 3.6% to 7.3% in June.
In recent years, Chinese new energy vehicle companies have accelerated their entry into the European market due to their battery technology, supply chain system, and cost advantages. As demand for electric vehicles among European consumers continues to rise, Chinese brands are moving from marginal markets to mainstream competitive fields.
Road & Transport News reports that the trend towards electric vehicles is helping Chinese carmakers expand their foothold in the European auto market further.
