SAIC

European car sales surged last month due to an influx of cheap Chinese EVs, with BYD and SAIC sales in the UK rising by a third year-on-year. European manufacturers are reducing prices and offering incentives to compete, while EU officials seek protections as Chinese cars continue to flood the market.

China has introduced new rules to control overseas technology transfers and retaliate against foreign investment restrictions, responding to EU trade policies. Extreme heat in China led to record electricity demand, while trade tensions with the EU could impact China's 'new three' energy industries.

China's SAIC will produce MG cars at its first European factory in Spain. An MG sports utility vehicle is displayed in Gurugram, India.