China's carmakers expand their presence in Europe
XLY•Chinese automakers are expanding production and sales in Europe. Geely accounted for 3.1% of registrations in January-August, while BYD and SAIC each had 2.5% and Chery had 2.3%.
1. Registration shares
Geely was the biggest Chinese carmaker in Europe by registrations from January through August, with a 3.1% share. BYD and SAIC each accounted for 2.5%, Chery for 2.3%, and Leapmotor for 0.8% across the region.
2. Plans for production
BYD aims to build two more plants in Europe and produce all its EVs for the continent locally by 2028; it expects to begin assembling cars at its Hungary plant in the fourth quarter of this year. Changan hopes to produce its first European car in early 2027, while Chery plans to start production at a plant in Barcelona by the end of this year or the first quarter of 2027.
3. Partnerships and expansion
Geely said it will build two electric SUVs at a Ford factory in Spain, with production expected to begin in 2028. Leapmotor and Stellantis plan joint production of two models in Spain, and SAIC plans its first EU factory in Spain's Galicia region. Xpeng is in talks with Volkswagen and other automakers about buying a factory in Europe.
