Chinese carmakers are rapidly expanding their presence in Europe’s lucrative auto market, supported by technological advances that competitors are increasingly trying to replicate.

China’s Geely Auto has launched its i-HEV Intelligent Hybrid system, aiming to challenge the dominance of Japanese automakers in the conventional hybrid vehicle segment by improving fuel efficiency and intelligent driving capabilities.

China’s exports of passenger cars accelerated in March as automakers expanded their push into overseas markets, according to an industry association.

Ford and China’s Geely are in active discussions over a potential manufacturing and technology partnership, as global automakers increasingly look to share rising development and production costs.

Sweden-based Volvo Cars sold 75,049 vehicles in December, marking a 2% increase compared with the same month last year.

AGMC, the UAE distributor for Geely, has issued a recall of 5,584 Emgrand sedans built between August 3, 2023, and July 4, 2024, following a safety alert from the automaker’s headquarters in Hangzhou.

Electric vehicle sales are rising rapidly across South America, and Chinese automakers—not Tesla—are driving the shift. Companies such as BYD, Geely, Chery and GWM are expanding at remarkable speed across the region, helped by lower prices, quicker delivery times and China’s new megaport in Peru.

Electric vehicle maker Polestar announced it will conduct a reverse stock split to boost its share price and maintain its Nasdaq listing, as the company continues to face mounting losses.

Volvo Cars reported a modest increase in third-quarter profit on Thursday, with aggressive cost-cutting measures helping offset the effects of U.S. tariffs and intense market competition.