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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
Europe Automobiles Chinese OEM Competition Monitor | Finvaulta