In September, Chinese brands gained 8.5%. share in the supply of electric vehicles in Europe. A year ago, the share of Chinese producers in the EU market was 9.6%, according to data provided by the research company Dataforce.
According to data from Jato Dynamics, which also monitors the automotive market, the largest decline (by 42%) was recorded by MG SAIC Motor.
Sales have been declining since July
The weaker performance of Chinese manufacturers on the European market has persisted since July, when the EU introduced temporary tariffs on electric vehicles manufactured in China. After months of talks that failed to resolve the trade dispute, new tariffs came into force this week, Bloomberg reminds.
The EU ultimately decided not to levy temporary tariffs, a Community officials head to Beijing in a last-ditch effort to find a solutionBloomberg News reported on Wednesday.
The biggest loser of the new regulations was the Ministry of Economy. The former British brand, now part of China’s state-owned SAIC, was hit with the highest tariffs with an additional 35% surcharge on top of the existing 10%. import duty.
Chinese producers of electric vehicles record a further decline in share in the European market / Bloomberg
BYD customs duties are not terrible
Despite trade tensions, China’s largest maker of electric and hybrid-electric vehicles is forging ahead with hiring local executives and planning factories in the region. BYD registrations in Europe increased by 162% in September. compared to the previous year, up to 4,376 vehiclesaccording to Jato.
All electric vehicles manufactured in China are subject to the new tariffs, including those made by Western brands. That’s why major European carmakers opposed their imposition, and a Germany was one of five countries to vote against the tariffs earlier this month.
The electric car market rebounded in September
Across Europe, sales of fully electric cars from all manufacturers increased by 14%, according to data from the European Automobile Manufacturers Association. This has made the electric vehicle segment a relatively bright spot in the declining automotive market.
Deliveries increased by 24%. in the UK as carmakers have significantly reduced the price of electric vehicles to meet the government’s zero-emission vehicle sales targets. In Germany, sales of electric vehicles increased by 8.7%.
The European electric vehicle market is rebounding / Bloomberg
Teslas were the best sellers
According to Jato, Model Y and Model 3 Tesla companies were the best-selling electric vehicles in the region in September. Skoda Enyaq took third place. It was in fourth place as the best-selling car EX30 companies Volvo The car belongs to the Chinese concern Zhejiang Geely Holding Group. Volvo EX30 are manufactured in China.