Chinese brands captured 11 percent of the European electric-car market in June—a record high. SAIC Motor and its MG brand led the charge thanks to its MG 4 (lead photo).
MG was the top-selling Chinese EV brand with 13,366 units sold, BYD ended up in second with 3,958 units sold. In third was Great Wall Motor with just 563 units sold. All in all, Chinese brands registered more than 23,000 BEVs across the region during the month.
The Chinese brands’ 72 percent sequential jump from May was twice the gain in overall European EV registrations for June as these carmakers raced to beat stiff European Union tariffs that took effect this July.
Chinese-made imports from Western manufacturers including BMW, Tesla, and Volvo are also subject to the new duties.
Whether the volume gains can be sustained will be closely watched in the coming months, as the added EU tariffs take hold. The EU’s provisional charges subject SAIC to an additional 38 percent charge, while BYD will pay an extra 17 percent on the existing 10 percent customs duty.
Automakers on both continents are rushing to add European EV manufacturing so they can avoid the new duties, while tensions between Beijing and Brussels risk devolving into a trade war.
That was b4 the punitive tariffs on china EV's implemented by EU last july 4. By the way GWM has already closed its EU headquarter due to very poor sales.
ReplyDeleteMG4,BYD Atto 3 and GWM ORA 3 are all selling well in European markets
ReplyDeleteReviews of European car journalists for these vehicles are very positive
Reliability of these EVs are much better than the Volkswagen,Renault and Stellantis EVs,
In Europe very aggressive Chinese and other cars brands in terms of leasing evs. I saw 100 euros a month or below can get you a new ev. The new evs sold are actually mostly leased. In 3 years it will be back sa company and the used car market will be flooded by cheap evs. Only a few will take the option to buyout the lease because battery degradation is a concern.
ReplyDelete