According to a report from the Luiss Business School, Chinese cars currently make up around 5% of the European market, and this number is expected to rise. In the first nine months of 2023, there were around 462,600 Chinese car registrations in Europe, equivalent to 4.8% of the market. This already surpasses the total registrations for 2022, which stood at 455,400 cars and a 4% market share. The full data for 2023 is yet to be published, but it is anticipated that Chinese car sales will continue to grow.

Not only are Chinese cars making their mark in Europe, but they are also dominating the electric car market. Out of the Chinese cars registered in Europe between January and September 2023, 70.8% had electric drives. This translates to 327,000 electric Chinese cars, accounting for 22.9% of all electric vehicles sold in Europe during that period. In comparison, there were 324,000 electric Chinese cars sold in all of 2022.

The increasing popularity of Chinese cars in Europe is also reflected in the trade between China and Europe. Imports and exports between the two regions reached €9.37 billion in 2022, a 432% increase compared to 2020. It is projected to reach almost €16 billion in 2023, surpassing trade with countries like Japan, South Korea, the UK, and the US. It seems that Chinese cars are not only gaining ground but also capturing the attention of European consumers.