SQUAWK/NEWS
Account
Theme
Account
Menu
Live News EARNINGS FLASH L impact

FACTBOX — China's carmakers expand their presence in Europe

(Updates chart, rewrites throughout to add new registration data and developments since June) October 13 (Reuters) — Chinese automakers are expanding in Europe, betting on their competitive pricing and advanced technology to break into a market traditionally dominated by European and American brands, amid a global shift towards electric vehicles. This expansion has stoked trade tensions between Brussels and Beijing, including a row over EU tariffs on Chinese-made EVs. The European Union recently announced a deal with China to curb imports of Chinese hybrid vehicles into the bloc. The following Chinese carmakers have expanded their footprint in Europe. Byd: BYD, the world's largest EV seller, accounted for 2.5% of total car registrations, ‌a proxy for sales, in the European Union, Britain and the European Free Trade Association between January and August, data from the European Automobile Manufacturers' Association showed. The company aims to build two more plants in Europe, its executive vice president Stella Li said on the sidelines of the Paris auto show, adding that France could be a possible location. BYD, which expects to start assembling cars at its new plant in Hungary in th

000625.SZ000800.SZ002594.SZ002697.SZ0175.HK600104.SS7201.T9863.HK9866.HK9868.HK9973.HKF.N