world
China Exports More Than One Million Vehicles in June for First Time
Monthly shipments rose 27 percent as Chinese brands expanded sales across Europe and the UK. Established manufacturers including Volkswagen announced major job cuts in response.
Jul 15, 5:10 AM·1m read1 source
asiaone.comAudio version
Tap play to generate a narrated version.
Developing·Limited corroboration so far. This page will refresh as more sources emerge.
China exported more than one million vehicles in June, the first time monthly shipments exceeded that level, GB News reported. Overseas shipments jumped 27 percent from the prior year. Data from the European Automobile Manufacturers Association showed Chinese brands sold hundreds of thousands of vehicles in the EU, EFTA and UK between January and May.
Geely Group took 3 percent of that market with 176,676 sales. SAIC Motor held 2.4 percent, BYD 2.3 percent, Chery 2.1 percent and Leapmotor 0.7 percent. Geely, SAIC and BYD outsold Nissan, Tesla, Jaguar Land Rover and Honda in the same period.
In the UK, two in five motorists said they would consider a Chinese car for their next purchase, double the share recorded earlier this year. Only 26 percent said they would not buy one. The Jaecoo 7 ranked as the third best-selling car in the UK with 23,840 sales so far this year.
BYD sales rose 95 percent year on year, Jaecoo sales rose 305 percent, Leapmotor sales rose 1,149 percent, Omoda sales rose 175 percent and Xpeng sales rose 364 percent. Volkswagen said it plans to cut up to 100,000 jobs. Chief executive Oliver Blume stated the company is undergoing its most comprehensive realignment in its history.
John Cassidy, managing director of Close Brothers Motor Finance, said Chinese manufacturers are becoming an increasingly important part of the UK automotive market.
