Technology

Chinese Carmakers Post Strong European Sales Growth While European Rivals Struggle

Hindustan Times2h
THE BRIEF
1

New-car registrations for BYD more than doubled year-on-year last month to 26,007 units across Europe, driven by cheap vehicle lineups.

2

SAIC Motor registrations jumped 32% to 21,214 units, and Leapmotor logged a more than threefold increase to 7,630 vehicles.

3

In contrast, Volkswagen recorded a 3.6% sales decline to 210,818 units and slashed its profitability target after flagging massive impairment charges.