Russia is the first market of Chinese carmakers in Europe
-Over the 9 months of 2023, the share of Chinese carmakers shows new records in Europe (EU + Switzerland + Norway + United Kingdom), Russia, Turkey and Ukraine. In Europe (EU + Switzerland + Norway + United Kingdom), Chinese carmakers (without Volvo) represent 2.75% of the passenger car market, but in certain countries this market share is much higher such as in Sweden (6, 1%), Norway (5.3%), United Kingdom (5.0%), Netherlands (4.5%), Italy (4.2%) and Spain (3.8%) %).
-Other countries are below the average, such as Denmark (2.5%), Ireland (2.0%), France (1.8%), Belgium (1.8%), Austria (1.7%), Germany (1.4%) and Finland (1.3%). The other countries are well below the average, i.e. 1% or less than 1% of the market. This concerns all the countries of Eastern Europe plus Greece, Switzerland and Portugal.
-Including Volvo, the market share of Chinese carmakers in Europe rises to 4.9% over the first 9 months of 2023. In Ukraine, the market share of Chinese carmakers over the first 9 months of 2023 reached 3.5% and 4.3% including Volvo.
-In Turkey, the market share of Chinese carmakers over the first 9 months of 2023 is higher, reaching 5.4% and 6.6% including Volvo. Note that the new Turkish brand Togg already occupies 1% of the Turkish market. In Russia, the market share of Chinese carmakers over the first 9 months of 2023 exceeded 48% for the first time (48.5%) and this is the largest sales volume (more than 300,000 sales) never recorded on the continent.