From/via Korea's Seoul Broadcasting System, July 2:
Chinese automakers, leveraging low prices, have surpassed Japanese brands in market share within the European automotive market for the first time as of May, the Nikkei reported on Thursday (July 2).
According to new car sales statistics from the European Automobile Manufacturers Association (ACEA) for May, the combined sales of five Chinese automakers—BYD, SAIC Motor, Geely Holding Group, Chery Automobile, and Leapmotor—reached 138,410 units, a 65% increase compared to the same month last year.
In contrast, the combined sales of six Japanese manufacturers—Toyota, Nissan, Suzuki, Mazda, Honda, and Mitsubishi—totaled 130,424 units during the same period, marking a 3% decline from the previous year.
Last month, Chinese automakers captured a 12% market share across 31 major European countries, while Japanese manufacturers recorded 11%.
Starting with its April statistics, the European Automobile Manufacturers Association added three more Chinese companies to its data and included the performance of the Swedish brand Volvo under its parent company, Geely....
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