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BYD, Chery, Leapmotor accelerate gains in EU auto market amid EV transition

source: news (news:seeking-alpha)published 2026-07-23 06:55ingested 2026-07-23 08:38

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BYD, Chery, Leapmotor accelerate gains in EU auto market amid EV transition

Jul 23, 2026, 2:55 AM ETChery Automobile Co., Ltd. (CRAUY) Stock, BYDDY Stock, BYDDF Stock, TSLA Stock, TSLA:CA Stock, ZGJLY Stock, SAIC Stock, ZJLMF Stock, F Stock, NSANY Stock, NSANF Stock, RNSDF Stock, RNLSY Stock, SZKMF Stock, SZKMY Stock, VLKAF Stock, VWAPY Stock, VWAGY StockBy : Manshi Mamtora, CFA

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EU new car registrations rose 5.7% Y/Y in H1 2026, supported by strong June sales and continued demand for electrified vehicles despite persistent geopolitical headwinds, according to ACEA data.

Battery-electric vehicle (BEV) registrations climbed 40.5% Y/Y to 1.22M units during H1, lifting their

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Quick Insights

Battery-electric and hybrid vehicles are gaining share rapidly, while petrol and diesel cars are losing market share.

Chinese brands like BYD, Chery, SAIC, and Leapmotor, as well as Tesla, are gaining market share while legacy brands like Ford, Suzuki, Nissan, and Renault are losing ground. Volkswagen Group remains dominant.

Strong sales in markets such as France, Germany, and Denmark are driving the growth in battery-electric vehicle registrations.

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