Chinese Carmakers Gain Record Share of Hybrids in Europe (1)

Chinese carmakers grabbed a record 9.8% of Europe’s hybrid-vehicle sales in August, making further strides in a segment that’s gaining importance among car buyers and manufacturers.

The monthly showing marks the fourth time this year that Chinese brands have reached a new peak for hybrid-car share, based on figures from researcher Dataforce. They captured 9.6% of the electric-vehicle market in August, down slightly from July.

BYD Co., SAIC Motor Corp.’s MG and other Chinese manufacturers have targeted Europe’s growing market for electrified vehicles, putting pressure on incumbents like Volkswagen AG and Stellantis NV with affordable, competitive models. ...