BYD, Chery, Geely, Leapmotor and SAIC increase market share to 10.8 percent in August.
AI-generated summary
Chinese car manufacturers are increasingly entering the European market with electric and hybrid vehicles.
In August, the market share of Chinese car manufacturers BYD, Chery, Geely, Leapmotor and SAIC (MG) in the EU grew to 10.8 percent.
This is an increase of four percentage points compared to the same month last year, according to statistics from the European manufacturers' association ACEA.
From January to August, the brands sold a good 725,000 electric and hybrid cars, two thirds more than in the same period in 2025.
German car manufacturers were only able to increase their deliveries by 2.6 percent to 3.1 million vehicles in the same period.
This means that BMW and Volkswagen Group, Mercedes-Benz and Opel together have a market share of 41 percent.
The EU's entire car market has increased by 5.3 percent to 7.55 million cars since the beginning of the year.
The biofuel manufacturer Verbio wants to further increase its profits after a strong financial year. The aim is to achieve pre-tax profits of up to 250 million euros by the end of June next year.

When presenting their autumn report, Germany's leading economic researchers criticized the federal government's unclear economic policy. Despite better short-term growth prospects, reform changes are inhibiting investment.
The German economy appeared resilient in September: The Ifo business climate rose by 1.1 points to 89.9 points, exceeding analysts' expectations.

Leading German economic research institutes have raised their GDP forecast for the current year to 1.3 percent. The recovery is being driven by exports, the AI boom and competition problems in the Gulf region.

The leading economic institutes are raising their GDP growth forecast for Germany for the current year to 1.3 percent. However, the upswing rests on a weak foundation, as structural problems and high energy prices are weighing on the economy.

Ahead of the meeting between China's President Xi and US President Trump, the Dax fell by 0.9 percent on Thursday. The focus is on trade and technological tensions, a planned banquet with US company bosses and the continued rise in oil prices.