Chinese Automakers Overtake Japan in European Market Share for First Time

The market share of Chinese passenger vehicles in Europe has surpassed Japan's for the first time. The latest statistics from the European Automobile Manufacturers' Association show that in May, five Chinese automakers sold a total of 138,400 units in 31 European countries, up 65% YoY. Over the same period, six Japanese automakers' sales totaled 130,400 units, down 3% YoY.