Corrected: Electrified cars drive Europe auto sales growth as Chinese brands gain ground
CORRECTED-Electrified cars drive Europe auto sales growth as Chinese brands gain ground Corrects 2nd bullet point to say electrified cars accounted for almost 70%, not 80%, of new vehicles
July 23 (Reuters) - Demand for electrified cars continued to underpin growth in Europe's auto market in June, offsetting a sharp decline in petrol and diesel sales, data from the European Automobile Manufacturers’ Association (ACEA) showed on Thursday.
Growth in car registrations, a proxy for sales, also helped Chinese brands expand their footprint further across the European Union, Britain and the European Free Trade Association.
Total car registrations rose 13.1% to 1,407,332 vehicles
Battery-electric, plug-in hybrid and hybrid car registrations climbed 51%, 22.7% and 17.1%, respectively, together accounting for almost 70% of all new vehicles
Petrol and diesel car registrations fell 12.2% and 16.9% respectively
Chinese automakers BYD 002594.SZ, Chery 9973.HK and Leapmotor 9863.HK sold between almost three and six times more than last year, SAIC 600104.SS and Geely 0175.HK sales rose more than 50% and 11% respectively
Registrations at Renault RENA.PA , Stellantis STLAM.MI and Volkswagen VOWG.DE rose between 3.6% and 7.3%
(Reporting by Mathias de Rozario in Gdansk; Editing by Matt Scuffham)
((mathias.derozario@thomsonreuters.com))
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