business π Chinese car brands are crushing it in Europe sales
Chinese carmakers are showing strong growth in European sales, gaining ground against local rivals recently. BYD registered over 26,007 units across the EU, UK, and other nations last month. SAIC Motor jumped 32% to 21,214 units, while VW saw a 3.6% decline in sales. This surge is partly due to the cheaper lineups offered by these Chinese brands. Market trends show BEV sales grew 52% in Europe last month. π