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Dataforce: CN Automakers' Mkt Shrs in Europe Subside in Jan
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Chinese automakers hit snags in Europe, according to data from market research firm Dataforce. In January, the market share of hybrid models from brands like BYD COMPANY (01211.HK) and SAIC MOTOR (600104.SH)'s MG in Europe was 15%, down nearly 3 ppts from last December. Dataforce noted that LEAPMOTOR (09863.HK) experienced a slowdown in growth in January after robust growth last year. The MG brand already shifted its sales focus to leasing and fleet business before its sales subsided in January. AASTOCKS Financial News Website: www.aastocks.com |
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