BYD more than doubles European registrations to 26,007

Vehicle registrations for BYD more than doubled year over year to 26,007 units across Europe in August, according to data from the European Automobile Manufacturers’ Association (ACEA). The regional figure covers the European Union, the United Kingdom, Iceland, Liechtenstein, Norway, and Switzerland.

Chinese carmakers continued to expand market share in the region with relatively lower-priced vehicle lineups. SAIC Motor saw registrations rise 32% to 21,214 units, while Leapmotor more than tripled its total to 7,630 vehicles. In contrast, Volkswagen registrations fell 3.6% to 210,818 units, and Renault declined 4.4% to 71,906 units.

Total passenger car registrations rose 5.3% across Europe and 4.5% in the European Union, including increases of 2.6% in Germany, 7.4% in France, and 3.2% in Italy. Battery-electric car registrations increased 52% across Europe, hybrid models rose 3.4%, and plug-in hybrids climbed 13.5%. Tesla registrations grew 4% to 15,430 units across the wider region, while jumping almost 53% in the European Union alone.

European competitors continue to adjust under competitive pressure. Volkswagen recently cut a key profitability target after indicating about $11.5 billion in asset write-downs linked to its Porsche stake, while approving plans to double job cuts to 100,000. Porsche also stated in late July that it will cut 5,000 jobs, citing falling sales in China, US tariffs, and an early bet on electric models.