Chinese carmakers descend on Paris as battle for European market intensifies
France, Oct. 12 -- The Chinese presence will be twice as large as in 2024, with established manufacturers such as BYD and Chery joined by newcomers including Aito and Avatr.
Chinese brands are gaining ground through electric cars and hybrids, which combine a traditional engine with an electric motor.
They accounted for 10.7 percent of the European market in the second quarter, up from 5.7 percent a year earlier, Schmidt Automotive Research said.
Chinese manufacturers are increasingly targeting Europe as they face barriers to selling in the United States and weaker demand at home.
Newcomer Aito plans to unveil four premium electric SUVs for Europe. It aims to increase overseas sales to 20 percent of its total within three years, from l...
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