JPMorgan predicts Chinese smart cars will capture 20% of the Western European market by 2028, impacting local manufacturers. Brands like BYD and Leapmotor are expected to drive this growth in key markets such as Germany and France.

The pace of electrification on western Europe’s roads is likely to fire up sales of Chinese-developed smart cars, where they could command a 20 per cent share of the regional market in 2028 at the expense of local peers, according to a JPMorgan forecast. Chinese carmakers from BYD, the world’s largest electric vehicle (EV) builder, to Stallentis-backed Leapmotor, were expected to deliver 2.5 million cars to customers in countries like Germany, Italy, France and the United Kingdom in 2028, a...