Goldman Sachs
June 11, 2026
Europe Automobiles Chinese OEM Competition Monitor
Monthly UpdateEquitiesConsumer Discretionary
Chinese domestic automotive brands captured a record 7.14% market share in Europe's major markets in May 2026. Major Chinese manufacturers are now prioritizing local European production to counter tariff risks and competitive pressures.
Key Takeaways
- 1.Chinese domestic brands reached a 7.14% market share in Europe-5 in May 2026, growing 189% year-over-year.
- 2.SAIC's MG is localizing European production with a €200 million investment in Spain to avoid EU tariff exposure.
- 3.BYD has surpassed MG to become the volume leader among Chinese domestic brands in the European market.
Table of Contents
- Europe Automobiles
- Demand Monitor
- Supply Monitor
- Chartbook 1: The monthly market share of Chinese domestic brands in Europe 5
- Chartbook 2: The market share change by brand and country
- Chartbook 3: The monthly vehicle registration of Chinese domestic brands by country
- Disclosure Appendix
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Authors
Christian FrenesMonika Mengting Liu, CFAShivam KotechaRobert Triulzi
Securities
SAIC MotorBYD
Themes
EV LocalizationChinese Market Share Expansion
Regions
EuropeGermanyUKFrance