Chinese car brands' share of EU market nears 10%
Chinese brands' share of the European Union car market has climbed from 2% to nearly 10%, and their sales have topped 1 million for the first time, according to an Allianz Trade report.
A report by Allianz Trade on Europe's automotive sector puts numbers to the rise of Chinese manufacturers on the continent. According to the report, Chinese brands' share of the European Union car market has grown in recent years from about 2% to nearly 10%, and their sales in Europe have exceeded 1 million units for the first time.
Chinese brands are particularly strong in the electrified segment: their share of the fully electric car market has reached 16%, while their share of the plug-in hybrid market has hit 26%.
The balance shifts in Paris
Another striking figure in the report concerns auto shows. Among the brands exhibiting at the 2026 Paris Motor Show, the share of Chinese brands rose to 50% from 23% in 2024. European brands' share, meanwhile, fell from 68% to 39%.
European market grows
The European car market grew 5% in the January-August period this year, while sales of fully electric cars rose by about 45%. Electric cars' share of new registrations reached 22%, putting them level with gasoline models. The rate stood at 30% in France and 26% in Germany, while remaining below 10% in Italy and Spain.
According to the report, the EU's automotive trade surplus with China, which once reached about €20 billion, has turned into a deficit.
This article was compiled with the help of AI from information published by Habertürk.
