The second best result in history
Automotive companies from Middle Kingdom in September they delivered to 27 countries European Union 60,517 cars, which means an increase of as much as 61%. compared to the previous year – according to customs data. The previous peak in Chinese electric car sales of 67,455 units was recorded in October 2023, when European Commission announced the launch of an investigation into state subsidies for Chinese electric cars.
In June 2024, 10 EU countries, including, among others, France, Italy and Polandsupported the introduction of a 35% tariffs on imports of Chinese electric cars. Although negotiations between the EU and China are still ongoing to develop alternative solutions, markets expect that the new tariffs will enter into force at the end of October.
China’s expansion in Europe
A spike in Chinese deliveries electric cars to Europe indicates that automotive manufacturers from Middle Kingdom they hope to avoid high tariffs. Regardless, analysts estimate that the introduction of a 35% customs duties will only slow down, but not stop, car imports to the lucrative European market.
Partly in response to the Community’s customs plans, some automotive companies from China plan to open their plants on the Old Continent. BYD is considering such a step in Hungary and Turkey, and other manufacturers incl Xpeng Whether Geely, they have similar plans, but they don’t know yet which country they will choose.
