According to Bloomberg, in October this year, the last month before the EU’s tariffs on China Electric Motors was officially effective, sales of Chinese electric vehicle companies declined in Europe.
Data from the research institution DataForce show that the European sales volume of Chinese electric vehicle companies such as SAIC (MG) and BYD accounted for 8.2%of European electric vehicle registration in October, which is reduced from 8.5%in September this year, and it is also continuously ranked continuously in a row Four months lower than the same period last year.
However, BYD is continuing to expand its influence in Europe. According to the data tracking the car market Jato Dynamics, BYD’s European sales in October doubled more than doubled to 4,630 units. The best -selling Chinese brand.
At the same time, data from Jato Dynamics showed that the European delivery volume in October in October of SAIC decreased by 56%year -on -year to 3,846 units. However, in the first 10 months of this year, SAIC MG still maintains its leading position in the European market, with a registration volume of 63,895 units.
In July this year, the European Union began to impose a temporary tariff of up to 45%of Chinese -produced electric vehicles. Since then, the growth rate of Chinese electric vehicle companies’ overseas sales has begun to slow, and previous Chinese electric vehicle companies have experienced rapid growth in overseas markets.
After several months of negotiations with China and adjusted tariffs that are about to be issued, the European Union’s final tariff on China Electric EMU entered into effect on October 30, local time of the European Union. It is worth noting that the European Union imposed import tariffs on electric vehicles produced in China, including electric vehicles from Western brands such as Volkswagen Group and BMW Group. However, at present, China and the European side are still negotiating on tariff alternatives.
It is reported that Chinese electric vehicle manufacturers have taken measures in Europe to avoid the EU import tariffs by building factories, partnerships, and establishing a supply chain network.
This month’s Swedish battery manufacturer NorthVolt’s application for bankruptcy protection in the United States has also highlighted China’s leading position in the field of electric vehicles. NorthVolt has been regarded as companies that can compete with Chinese battery companies.
In addition, the entire European electric vehicle market has been in trouble this year, because major countries such as Germany have reduced subsidies that help stimulate the demand for electric vehicles. The European Automobile Manufacturers Association reported that although the registration volume of pure electric vehicles in Europe in October increased by 6.9%year -on -year, the cumulative registration volume this year has still decreased by 1.7%year -on -year.