Chinese carmakers may sell 200 000 cars in Europe in 2023
- The market share of all Chinese-branded cars (and produced in China) will not exceed 0.7% of total European registrations in 2021, a level comparable to that of Mitsubishi or Honda sales in Europe. However, their sales have been growing steadily in Europe since 2020, when most of the Chinese brands currently present there entered this market.
- The sales of these Chinese cars which had reached a peak of 3,500 units in July 2020, then 6,000 units in September 2020, gradually reached 8,000 units in June 2021, 10,000 units in September 2021 and 12,000 units in November 2021. They will probably reach 82,000 units over the whole of 2021, against 30,000 units in 2020. The increase over one year is therefore + 173%.
- 8% of Chinese cars sold in Europe are either battery electric cars (BEV), with 44,000 sales or rechargeable hybrids (PHEV) with 22,000 sales.
- Today, Chinese brands are mainly represented by three brands: MG (47,000 sales over 11 months 2021), Polestar (16,000 units) and Lynk & Co (5,300 units), i.e. 95% of Chinese car sales in Europe in 2021. But the other seven Chinese brands present on the European market arrived only a few months ago and are all looking to develop in this market, so their share should logically increase next year.
- A forecast of more than 100,000 Chinese cars sold in Europe in 2022 is therefore entirely possible. Inovev even predicts 130,000 to 150,000 sales next year and 200,000 sales in 2023.
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