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Market Chatter: Chinese Cars Outsell Renault, Audi in Europe, Research Shows

MT Newswires Live
Sep 24

Chinese automotive brands saw more sales in Europe compared with the Renault and Audi brands in August, Reuters reported Tuesday, citing data from JATO Dynamics.

Models from BYD (SHE:002594, HKG:1211), Chery Automobile's (HKG:9973) Jaecoo, and SAIC's (SHA:600104) MG are in the top ten, Reuters said.

China-branded vehicles saw a combined market share of 5.5% in August with more than 43,500 sales, surging 121% year over year, the report said.

Tesla's Model Y is still Europe's best-selling model, but sales dropped 37%, Reuters said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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