Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking and Finance Review - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2026 GBAF Publications Ltd - All Rights Reserved. | Sitemap | Tags | Developed By eCorpIT

    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Headlines > Europe's plug-in hybrid boom helps Chinese carmakers outsell Renault, Audi in August, report shows
    Headlines

    Europe's plug-in hybrid boom helps Chinese carmakers outsell Renault, Audi in August, report shows

    Published by Global Banking and Finance Review

    Posted on September 23, 2025

    2 min read

    Last updated: January 21, 2026

    Europe's plug-in hybrid boom helps Chinese carmakers outsell Renault, Audi in August, report shows - Headlines news and analysis from Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Tags:innovationAutomotive industryfinancial marketsconsumer perceptionforeign exchange

    Quick Summary

    Chinese automakers, led by BYD and MG, outsold Renault and Audi in Europe in August, driven by a surge in plug-in hybrid sales.

    Table of Contents

    • Chinese Automakers' Rise in Europe
    • Sales Performance and Market Share
    • Growth in PHEV Sales
    • Impact on BEV Market

    Chinese Automakers Surpass Renault and Audi in European Sales Amid PHEV Surge

    Chinese Automakers' Rise in Europe

    (Reuters) -Chinese automakers sold more cars in Europe than the Renault and Audi brands in August, helped by booming plug-in hybrid sales, with models from BYD, Jaecoo and MG in the category's top-ten sellers, data from JATO Dynamics showed on Tuesday.

    Tesla's Model Y remained Europe's most popular battery-electric vehicle (BEV), but its sales dropped 37% from the same month last year despite growing BEV sales overall, data from the research firm showed.

    WHY IT'S IMPORTANT

    Sales Performance and Market Share

    Chinese automakers have ramped up exports of plug-in hybrid (PHEV) and hybrid electric vehicles (HEVs) to Europe and plan to build more models locally, minimising the impact of the European Union's tariffs on Chinese-made EVs.

    PHEVs, which run on a combination of gasoline and electricity, are gaining in popularity as an affordable compromise between all-combustion and all-electric cars.

    BY THE NUMBERS

    Chinese carmakers had a combined market share of 5.5% in August with over 43,500 sales, up 121% from August 2024, the data showed. That was higher than Audi's 41,300 and Renault's 37,800.

    Growth in PHEV Sales

    PHEV sales in 28 European countries were up 59% in August to almost 84,000, with PHEVs of Chinese brands up 14-fold to 11,000.

    BYD's Seal U, Chery's Jaecoo J7 and SAIC's MG HS were among Europe's 10 best-selling PHEVs.

    Impact on BEV Market

    BEV sales in Europe rose 27%, outperforming total market growth of 5%, the data showed.

    KEY QUOTES

    "There was strong demand for BEVs in August, however a 27% increase is less significant than it looks when you consider how widely they are being promoted," JATO Dynamics analyst Felipe Munoz said.

    CONTEXT

    BYD announced late last year it would start selling PHEVs in Europe. Earlier this month, it said it would make all its EVs for sale in Europe locally by 2028.

    (Reporting by Alessandro Parodi. Editing by Mark Potter)

    Key Takeaways

    • •Chinese automakers sold more cars than Renault and Audi in Europe in August.
    • •Plug-in hybrid sales are driving the growth of Chinese brands.
    • •BYD, Jaecoo, and MG are among the top PHEV sellers.
    • •Tesla's Model Y remains the top BEV, despite a sales drop.
    • •Chinese brands plan to increase local production in Europe.

    Frequently Asked Questions about Europe's plug-in hybrid boom helps Chinese carmakers outsell Renault, Audi in August, report shows

    1Which Chinese automakers outsold Renault and Audi in August?

    Chinese automakers BYD, Jaecoo, and MG sold more cars than Renault and Audi in August, with a combined market share of 5.5%.

    2What is driving the popularity of plug-in hybrids in Europe?

    Plug-in hybrids (PHEVs) are gaining popularity as they offer an affordable compromise between all-combustion and all-electric cars.

    3How did Tesla's Model Y perform in August compared to last year?

    Tesla's Model Y remained the most popular battery-electric vehicle in Europe, but its sales dropped 37% from the same month last year.

    4What are the sales figures for PHEVs in Europe in August?

    PHEV sales in 28 European countries rose 59% in August to almost 84,000, with PHEVs from Chinese brands increasing 14-fold to 11,000.

    5What future plans does BYD have for its electric vehicles in Europe?

    BYD announced plans to make all its electric vehicles for sale in Europe locally by 2028.

    More from Headlines

    Explore more articles in the Headlines category

    Image for Portugal launches $3 billion package to help rebuild after storm Kristin
    Portugal launches $3 billion package to help rebuild after storm Kristin
    Image for Russian drone strike kills 15 miners in Ukraine's Dnipropetrovsk, officials say
    Russian drone strike kills 15 miners in Ukraine's Dnipropetrovsk, officials say
    Image for Death toll of Swiss New Year bar blaze rises to 41
    Death toll of Swiss New Year bar blaze rises to 41
    Image for Iranian official says Revolutionary Guards have no plan to hold military exercises in the Gulf
    Iranian official says Revolutionary Guards have no plan to hold military exercises in the Gulf
    Image for Pope Leo urges US and Cuba to engage in sincere dialogue
    Pope Leo urges US and Cuba to engage in sincere dialogue
    Image for Factbox-Who is the Baloch Liberation Army behind Pakistan's Balochistan attacks?
    Factbox-Who is the Baloch Liberation Army behind Pakistan's Balochistan attacks?
    Image for Olympics - Pope Leo calls for peace initiatives during Milano Cortina Games
    Olympics - Pope Leo calls for peace initiatives during Milano Cortina Games
    Image for Ukraine talks set for next week as cold strains battered energy grid
    Ukraine talks set for next week as cold strains battered energy grid
    Image for Slovakia national security adviser resigns over Epstein files, denies wrongdoing
    Slovakia national security adviser resigns over Epstein files, denies wrongdoing
    Image for Russia's Medvedev says victory will come soon in Ukraine war
    Russia's Medvedev says victory will come soon in Ukraine war
    Image for Russia's Medvedev praises Trump but questions US submarine threat
    Russia's Medvedev praises Trump but questions US submarine threat
    Image for OPEC+ agrees in principle to keep planned pause in oil output hikes for March, sources say
    OPEC+ agrees in principle to keep planned pause in oil output hikes for March, sources say
    View All Headlines Posts
    Previous Headlines PostItaly sees trend growth at 0.5% this year, 0.7% in 2026
    Next Headlines PostPoland to reopen border crossings with Belarus, PM says