Hyundai Motor Group Abandons 'Buyback' Option for Russian Plant
Hyundai Motor Group has decided not to exercise its buyback option for its former Saint Petersburg plant in Russia, citing prolonged war risks and a market now dominated by Chinese automakers.
McKinsey - Half of World’s Top 10 Carmakers to Be Chinese Within 5 Years on EV Dominance
McKinsey projects that up to five Chinese automakers will join the world’s top 10 by 2030, driven by their dominance in electric vehicle technology and global sales growth.
🚘📈 Europe’s car market is shifting fast—Chinese automakers doubled their market share in May. Their rapid rise reflects EV strength, affordability, and strategic expansion. This is more than numbers; it’s the future of global mobility in motion.
🔗 Read here: https://www.jato.com/resources/media-and-press-releases/chinese-automakers-double-european-market-share-in-may
#AutomotiveNews #EVRevolution #ChineseAutomakers #EuropeAuto #MobilityTrends
Chinese automakers double European market share in May
Chinese carmakers doubled EU market share to 5.9% in May 2025, led by MG & BYD, as car sales rose 2.5%. In the same period Renault Clio topped the model rankings.
Chinese EV Makers Navigate EU Carbon Rules Amid Tech Sovereignty Push
BYD and Geely adapt to EU tariffs through localized battery chains as Europe secures satellite tech with SES. CR Micro's SiC modules boost EV efficiency while S
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