Chinese Carmakers Sell Fewest EVs in Europe Since February 2023 [Yahoo! Finance]
BYD CO LTD UNSP/ADR (BYDDY)
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Source: Yahoo! Finance
(Bloomberg) -- Chinese manufacturers sold the fewest electric cars in 18 months to customers across Europe, with registrations falling by nearly half in August from a year earlier. Most Read from Bloomberg The 48% drop led to the second straight month of declining share for Chinese brands, based on figures provided by researcher Dataforce. MG, the British nameplate that's now part of SAIC Motor Corp., lost its top spot across Europe to Chinese rival BYD Co., according to Jato Dynamics, which also tracks the automotive market. Uncertainty tied to provisional European Union tariffs on Chinese EV imports can partly explain MG's 65% tumble in August, said Felipe Munoz, a senior analyst at Jato. He said the automaker has been putting more emphasis on the mild-hybrid and plug-in hybrid segments, rather than fully battery-powered cars. MG has had the most success of any Chinese carmaker in Europe, leveraging its long-held name recognition to rebuild the brand over the past decade, w
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