Chinese automakers plan 1M+ European production by 2030, market share to hit 14%

Chinese automakers SAIC, BYD, Chery, Geely, and Leapmotor are expanding European factory capacity, targeting over one million vehicles annually by 2030. Their European market share has doubled in a year and is projected to reach 14% by 2029. This shift from exports to local production could reshape European auto industry dynamics and trade policy.