The Share of Chinese Cars in Europe Exceeded 11%
In July, the share of Chinese automakers in new car sales in Europe exceeded 11%. The main factor driving this growth has been affordable plug-in hybrids, which are not subject to additional EU tariffs. Dataforce analyst Julian Litzinger noted that Chinese companies attract buyers with low prices, especially in the car rental segment. About three-quarters of Chinese car sales in the EU come from MG SAIC Motor, BYD, and Chery, which offer models at lower prices. The rise of Chinese brands increases competition for European automakers like Volkswagen and Stellantis. The EU is discussing the possibility of imposing tariffs on plug-in hybrids, but Germany advocates for protecting its automotive industry. In May, Ukrainians purchased 900 Chinese passenger cars, which is 43% less than in May 2025, of which 754 were new. Hybrids accounted for 28% of the Chinese car market, gasoline models 18%, and diesel 2%. In April, Ukrainians bought 1,252 passenger cars from China, which is 0.3% less compared to the same month last year. In the second quarter of 2026, Ukrainians acquired nearly 17,000 new and used hybrid cars. In June, Chinese brands accounted for more than a third of new plug-in hybrid car sales in Europe.
-- Price
This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.
You may also like

MetaPlanet CEO Claims BTC Has Passed the Bottom

Ministry of Industry and Information Technology Launches Special Action to Cultivate AI Application Service Providers

KB Securities Projects KRW/USD Exchange Rate Range of 1350-1450 Won

Walsh Claims AI Could Become a New Factor of Production, Annual Token Sales Exceed $100 Billion

Federal Reserve Sets Target Range of 3.50-3.75% for 2025 After Three Rate Cuts

Jensen Huang Calls Cutting-Edge AI Labs an Investment Opportunity

South Korea Misses Bitcoin ETF, Largest Crypto Market Without Regulated Fund

The dollar takes a breather after the price fixing for bond payments linked to the exchange rate

OPEC+ Loses Influence on the Market, Production Share Drops to 40%

Swan Bitcoin CEO: AI bond issuance may support BTC through Treasury strain

Shin Hyun-sung to Review Inflation and Nominal GDP Before October

BlackRock Digital Assets Head Says Bitcoin's Macro Logic Strengthens

Three Years, One World: How WEEX Built a Global Legacy on the Way to TOKEN2049 Singapore
In October, WEEX returns to TOKEN2049 Singapore for the third year running and the second time as a Platinum Sponsor. It is a milestone worth pausing on — not because sponsorship titles are rare in this industry, but because so few exchanges have earned the right to say they showed up, year after year, through every version of this market.

Wall Street's Imagination Can't Keep Up with NVIDIA's 'Speed'

NVIDIA Surpasses Earnings and Guidance Expectations, Yet Stock Falls in After-Hours Trading

Singapore's July Consumer Prices Rise 2.2%, Below Expectations of 2.3%

Gasoline Consumption Reaches 46.5 Million Barrels in First Half of the Year

US Economy Under Trump: Why 53% Feel Worse

Cargo Exports Through Moldova Reached 1.5 Million Tons

₩10.9 Trillion in Fiscal Inflow, Surplus in Reserve Funds Expected on 14th

SK Hynix: AI Data Center Competition Shifts to Overall Infrastructure Architecture

US July Core CPI Expected at 2.5% Year-on-Year

U.S. Employment Increased by 80,000 in July, Unemployment Rate Expected to Remain at 4.2%

Itaú Reports R$ 12.4 Billion Profit in Q2 2026: What ROE Indicates

Jensen Huang Highlights AI Investment Outlook of $7.9 Trillion and Emphasizes Power Efficiency

NVIDIA Adjusts Rubin Ultra HBM Specifications to Alleviate Supply Pressure

River Loses Four Matches and Fails to Complete the Bench

Williams: AI Investment Demand Driving Price Increases in Certain Items

Serenity: AI Data Center InP Laser Supply Gap Exceeds Storage Chips









