(Dec 31): Chinese carmakers captured a record 12.8% of Europe’s electric-vehicle (EV) market in November, building on gains made this year despite the cost of European Union (EU) tariffs. Brands led by BYD Co and SAIC Motor Corp, along with newer entrants such as Chery Automobile Co and Zhejiang Leapmotor Technology Co, have redoubled efforts to crack the European market this year. Overcapacity in China has fed the export push, as manufacturers seek a release from relentless price wars in their domestic market. Through October, Leapmotor’s European EV sales had surged more than 4,000%, based on separate data from Jato Dynamics — growth bolstered by a joint venture with Stellantis NV, the parent of Peugeot, Fiat and Opel. Chery’s Omoda brand saw an 1,100% EV rise over the same time frame.

Source: The Edge Markets December 31, 2025 09:57 UTC