TLDRs; Chinese carmakers hit record 9.8% of Europe’s hybrid sales in August, marking their fourth high this year. BYD’s European EV sales more than doubled, while MG fell 16% and Leapmotor sold over 2,000 units. EU hybrid registrations jumped 28% as tariffs pushed Chinese brands to diversify and expand local production. Domestic sales struggles are [...] The post BYD, MG, Leapmotor Drive Chinese Hybrid Growth in EU appeared first on CoinCentral.TLDRs; Chinese carmakers hit record 9.8% of Europe’s hybrid sales in August, marking their fourth high this year. BYD’s European EV sales more than doubled, while MG fell 16% and Leapmotor sold over 2,000 units. EU hybrid registrations jumped 28% as tariffs pushed Chinese brands to diversify and expand local production. Domestic sales struggles are [...] The post BYD, MG, Leapmotor Drive Chinese Hybrid Growth in EU appeared first on CoinCentral.

BYD, MG, Leapmotor Drive Chinese Hybrid Growth in EU

2025/10/03 03:36

TLDRs;

  • Chinese carmakers hit record 9.8% of Europe’s hybrid sales in August, marking their fourth high this year.
  • BYD’s European EV sales more than doubled, while MG fell 16% and Leapmotor sold over 2,000 units.
  • EU hybrid registrations jumped 28% as tariffs pushed Chinese brands to diversify and expand local production.
  • Domestic sales struggles are driving Chinese automakers like BYD to target European growth despite tough competition.

Chinese automakers have strengthened their presence in Europe’s car market, capturing a record 9.8% share of hybrid vehicle sales in August, according to data from research firm Dataforce.

This milestone marks the fourth time in 2025 that Chinese brands have hit a new high in Europe’s hybrid segment.

The surge reflects how Chinese manufacturers are adjusting strategies to navigate trade pressures, tariffs, and slowing EV momentum. While their share of Europe’s electric vehicle (EV) market dipped slightly to 9.6% in August from July, the hybrid segment continues to provide strong growth opportunities.

BYD leads as sales double in Europe

Among the leading players, BYD’s European EV sales more than doubled year-on-year in August, reaching 7,109 units, according to Jato Dynamics. This growth underscores BYD’s ability to remain competitive despite challenges at home, where its sales recently declined amid fierce domestic EV competition.

MG, a subsidiary of SAIC Motor, saw its European sales fall by 16%, while Leapmotor delivered 2,019 vehicles, highlighting the different performance trajectories among China’s expanding automakers.

Industry experts note that BYD’s decision to combine affordable pricing with broader hybrid options has allowed it to build brand awareness in a market historically dominated by European and Japanese automakers.

Hybrids gain ground across Europe

The broader European car market also showed strong momentum. Battery-electric vehicle (BEV) registrations across the EU, UK, and EFTA countries rose 26% through August, while plug-in hybrid sales climbed 28%, according to the European Automobile Manufacturers’ Association.

Chinese automakers have been quick to leverage this hybrid growth. By offering cheaper, locally adjusted hybrid and EV models, they’ve tapped into consumer demand for cost-effective and efficient alternatives amid rising inflation and stricter emissions policies.

The growing role of hybrids is partly fueled by EU tariffs on China-made EVs, which have pressured automakers to diversify offerings and expand local manufacturing capacity within Europe.

Challenges at home push global expansion

Despite making gains in Europe, Chinese carmakers are facing headwinds in their home market. BYD, for example, saw a 5.5% sales drop in China in September, its first year-on-year decline since early 2024. The company also cut its 2025 sales target by 16% as competition from rivals like Geely, Xpeng, and Leapmotor intensifies.

In Japan, BYD has gone as far as slashing EV prices by up to 50% to boost sluggish demand. This aggressive strategy highlights how domestic saturation and global tariff battles are pushing Chinese firms to accelerate expansion in Europe and beyond.

For now, Europe’s hybrid market is proving to be a bright spot. With consumer demand rising and infrastructure challenges slowing EV adoption, Chinese carmakers like BYD, MG, and Leapmotor appear well-positioned to capture more ground—though the battle for long-term dominance is only just beginning.

The post BYD, MG, Leapmotor Drive Chinese Hybrid Growth in EU appeared first on CoinCentral.

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
Share Insights

You May Also Like

Big News: First U.S. Spot XRP and DOGE ETF by Rex-Osprey Officially Launches: Details

Big News: First U.S. Spot XRP and DOGE ETF by Rex-Osprey Officially Launches: Details

In a landmark development for digital asset investors, REX-Osprey, a collaboration between REX Shares and Osprey Funds, has rolled out the first-ever U.S.-listed exchange-traded funds (ETFs) offering direct spot exposure to Dogecoin (DOGE) and XRP. According to a press release on Businessnewswire, the new products, trading under tickers DOJE and XRPR on the Cboe exchange, mark a significant step in bringing two of the most recognized cryptocurrencies into regulated investment vehicles. Dogecoin Gets Its First ETF The launch of DOJE represents a historic milestone as the first Dogecoin spot ETF in the United States. Once regarded as a meme coin driven by online culture and celebrity endorsements, Dogecoin has since grown into one of the top cryptocurrencies by market capitalization, supported by a highly active global community. Also Read: Massive Breakout Imminent? ‘XRP is Now Where ETH Was in 2017 Right Before Explosion’ By structuring DOGE under the 1940 Act fund framework, REX-Osprey is making the asset more accessible to traditional investors who prefer trading through established brokerage accounts rather than crypto exchanges. Analysts note that this could broaden institutional interest in DOGE, especially as regulatory-compliant exposure options expand. XRP ETF Brings Utility-Focused Crypto Into Spotlight Alongside DOJE, the XRPR ETF provides exposure to XRP, the digital asset powering Ripple’s payments network. XRP has long been associated with fast, low-cost cross-border transactions, a use case that has attracted growing attention from both banks and payment providers. The XRPR fund will hold most of its assets directly in spot XRP, with the remainder invested in XRP-backed exchange-traded products. This hybrid structure aims to provide investors with a liquid and straightforward way to gain exposure to an asset that continues to be at the center of conversations about the future of international payments. Expanding a Growing ETF Lineup The new DOGE and XRP ETFs follow the July debut of the REX-Osprey SOL + Staking ETF (SSK), which became the first U.S.-listed ETF to combine spot Solana exposure with on-chain staking rewards. That fund has already surpassed $275 million in assets under management and recently converted to a Regulated Investment Company (RIC) structure, boosting tax efficiency for investors while keeping its staking benefits intact. According to Greg King, CEO of REX Financial and Osprey Funds, the launch of DOJE and XRPR underscores the firm’s ambition to pioneer regulated investment pathways for digital assets. “ETFs have always been about access,” King said in a statement. “The digital asset revolution is accelerating, and to deliver exposure to leading tokens like Dogecoin and XRP within the protection of the U.S. ETF framework is something we are proud to bring to the market.” What This Means for Crypto Adoption Market watchers suggest that the arrival of DOGE and XRP ETFs could broaden crypto exposure in retirement portfolios, wealth management products, and institutional trading desks. For Dogecoin, this marks a shift from meme-driven volatility to potentially more structured investment flows. For XRP, the ETF comes at a time when analysts, including those at Morgan Stanley, have speculated on its potential to capture a share of the $150 trillion cross-border payments market currently dominated by SWIFT. With these launches, REX-Osprey continues to carve out a niche as one of the leading firms bridging crypto-native assets with the regulated ETF space, setting the stage for broader institutional adoption in the coming years. Also Read: Egrag Crypto: XRP Could be Around $6 or $7 by Mid-November Based on this Analysis The post Big News: First U.S. Spot XRP and DOGE ETF by Rex-Osprey Officially Launches: Details appeared first on 36Crypto.
Share
Coinstats2025/09/18 21:40
Share