news

한어Русский языкEnglishFrançaisIndonesianSanskrit日本語DeutschPortuguêsΕλληνικάespañolItalianoSuomalainenLatina

July 31 news, in June this year, Chinese automakersin Europeelectric carThe market share reached 11%, a record high, mainly because consumers were eager to buy cars before the new EU tariffs on imported electric vehicles from China took effect.

Data from the European electric vehicle market, including the UK, showed that about 23,000 pure electric vehicles were registered in June this year, an increase of 72% from the previous month.

Dataforce data analysis shows that the parent company of British brand MGSAICHowever, 40% of the vehicles were registered by dealers rather than owners, reflecting a rush to buy before the tariffs took effect.

In June this year, SAIC sold nearly 13,400 electric vehicles in Europe;BYDSales were close to 4,000 units, covering both the Dolphin and Seal brands.

Compared with BYD, the EU imposed the highest temporary tariff of 38% on electric cars made by SAIC Motor. BYD electric cars, by contrast, were subject to a 17% tariff.

In addition, Dataforce said that Italy's car purchase subsidies have greatly stimulatedElectric VehiclesSales, with total subsidies for new cars reaching 200 million euros, were sold out within nine hours of its launch.

The latest data from China Customs shows that the EU and UK markets accounted for nearly half of China's total exports of electric vehicles in the first half of this year. Data analyzed by trade website Soapbox shows that the UK accounted for 12% of China's total exports of electric vehicles, while the EU accounted for 36%. This is in stark contrast to the 1% in the United States, which imposed a 100% tariff on imported Chinese electric vehicles earlier this year.

Brazil and Australia tied for third place, each accounting for 7% of total Chinese-made electric vehicle exports, followed by Thailand, the UAE and South Korea, each accounting for 4%, and Israel accounting for 3%.

Research by Spanish bank BBVA shows that Chinese-made electric cars are often sold at twice the price in Europe than in China. For example, BYD's entry-level "Dolphin" model costs just over 30,000 pounds in the UK (1 pound is about 9.3 yuan), almost three times its price in the Chinese market. In contrast, the "Polestar 3" costs 53,000 pounds in the UK, only 64% higher than its market price in China.

In Europe, the main markets for Chinese electric vehicles are Germany, the United Kingdom and France, followed by Norway, Belgium and Italy.

Of the 208,872 pure electric vehicles sold in Europe in June this year, sales in Germany exceeded 43,400, but this was down 18% month-on-month; in the UK, electric vehicle sales increased by 7.4% to 34,000 units; while in France, sales fell by 10% to just under 30,000 units.

Earlier this year, data from the European Automobile Manufacturers Association (ACEA) showed a sharp rise in sales of Chinese-made pure electric vehicles in the European market, a figure that excludes plug-in hybrid models.

In 2023, including Tesla and other EU-branded models manufactured in China, Chinese-made electric vehicles accounted for 21.7% of total electric vehicle sales in Europe, far higher than 2.9% in 2020. ACEA data also showed that Chinese brands accounted for 8% of this market share. (Chenchen)