Chinese EV Exports Surge: Zero Run and Geely Lead in Europe and South America

According to the latest data from Gasgoo, Chinese passenger vehicle exports have shown remarkable growth in the first quarter of 2026, with significant regional variations. In Europe, brands like Chery, SAIC, and BYD are leading the charge, while in South America, Geely and BYD are experiencing unprecedented growth. This trend is reshaping the global automotive landscape, particularly in the EV sector.

European Market: Chery Leads with Over 200% Growth

The European market has seen a surge in Chinese EV exports, with Chery leading the pack. In the first quarter of 2026, Chery exported 105,837 vehicles to Europe, marking a staggering 215.6% increase compared to the same period last year. This makes Chery the first Chinese brand to export over 100,000 vehicles in a single quarter, showcasing its strong product competitiveness and channel expansion in the European market.

• Chery: 105,837 units, 215.6% increase
• SAIC Passenger Vehicle: 88,238 units, 26.0% increase
• BYD: 67,969 units, 26.6% increase
• Tesla: 40,457 units, 52.4% increase
• Geely: 25,438 units, 53.4% increase
• Zero Run: 25,100 units, 397.2% increase

South American Market: Geely and BYD Show Strong Growth

In South America, Geely and BYD have emerged as the top performers, with both brands showing over 400% growth in the first quarter. Geely’s exports to South America increased by 489%, while BYD saw a 400% increase. This robust growth is a testament to the increasing demand for Chinese EVs in the region, driven by competitive pricing and advanced technology.

North American Market: Mixed Results

The North American market, however, has shown mixed results. While some brands like SAIC-GM-Wuling and SAIC-GM have maintained steady growth, many other Chinese automakers are facing challenges. The market dynamics in North America are more complex, with regulatory and market entry barriers playing a significant role.

Why This Matters for Western Investors

The rapid growth of Chinese EV exports in key markets like Europe and South America is a critical indicator for Western investors. It signals a shift in the global automotive industry, where Chinese brands are not only competing but also leading in innovation and market penetration. For investors, this trend presents both opportunities and risks, as it could disrupt traditional market dynamics and create new investment avenues.

Conclusion

The surge in Chinese EV exports, particularly in Europe and South America, underscores the growing influence of Chinese automakers on the global stage. As these brands continue to expand, they are likely to reshape the competitive landscape, making it essential for Western investors and industry players to stay informed and adapt their strategies accordingly. See our analysis on the broader implications of Chinese EV market growth.