Chinese car companies' car sales in Europe increased by 78% in the first quarter

According to preliminary data provided by market analysis agency Dataforce, in the first three months of this year, sales of Chinese car brands in Europe increased by 78% year-on-year to 148,096 vehicles, and their market share increased from 2.5% in the same period of 2024 to 4.5%. However, sales of Chinese-made pure electric vehicles in Europe only increased by 29%, which is in line with the growth rate of the overall electric vehicle market, and the market share is 7.9%, which is the same as last year; pure electric vehicles accounted for 29% of the total sales of Chinese brands, down from 41% in 2024. In addition, sales of Chinese brands' plug-in hybrid vehicles in Europe increased by 368% (from a low base), and their market share almost tripled to 14%; sales of hybrid and gasoline models increased by 100%, and their market share increased from 44% in 2024 to 47%. The EU proposed that automakers meet the 2025 emissions target in three years instead of one year, and adopt a "saving and borrowing" mechanism, which means that if automakers fail to meet the target in one of the three years, they can catch up in the following years. However, the new CO2 emission standards still mean that automakers must sell 20% to 25% electric vehicles. Automotive News Europe reported that if the sales structure of SAIC Motors' MG Motors and Chery Automobile remains unchanged for the rest of the year, the two companies may find it difficult to meet their 2025 CO2 emission targets. Preliminary data from Dataforce showed that MG's share of electric vehicles in the first quarter was 13%, and its CO2 emissions exceeded the target value (95.7 grams) by more than 15 grams per kilometer. Chery's two European brands, Omoda and Jaecoo, accounted for 6% of the pure electric vehicle market and 20% of the plug-in hybrid vehicle market respectively, and their CO2 emissions were 47 grams per kilometer higher than the target of 94 grams per kilometer. MG recently said that it might avoid fines by combining emissions data with other automakers or reducing the share of gasoline models (which accounted for 38% in the first quarter). Overall, in the first quarter, MG remained the highest-selling Chinese automaker in Europe, with its sales increasing by a third to 76,583 vehicles. BYD Auto's sales nearly quadrupled to 27,365 units, putting it in second place, ahead of Chery (which saw sales rise to 15,663 units from 413 in the first quarter of last year).

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