网易首页 > 网易号 > 正文 申请入驻

Chinese NEV Sales in Europe Decline in First Month After EU's New Tariffs

0
分享至

AsianFin--Chinese brands registered fewer than 14,000 electric vehicles (EVs) in Europe in July, a sharp decline from over 23,000 in June, a 9.7% decrease compared to the same period last year, according to Jato Dynamics. This comes as the EU imposed new tariffs on Chinese NEV imports last month.

Breaking down the numbers by brand, SAIC's MG brand experienced the largest decline. MG sold 5,330 electric vehicles in Europe in July, down 38% from the previous year. The brand's cumulative sales for the first seven months of 2024 reached 50,120 vehicles, a 13% year-on-year decrease. Despite the drop, MG remains the best-selling Chinese brand in Europe.

MG saw an even steeper month-on-month decline of 60% compared to June when it delivered over 13,000 electric vehicles to European dealers just before the tariffs took effect.

In contrast, BYD managed to buck the trend. The company sold 3,740 electric vehicles in Europe in July, doubling its sales compared to last year. Its cumulative sales for the first seven months of 2024 reached 20,750 vehicles, a 327% increase year-on-year. However, BYD still saw a 5.5% month-on-month decline from June.

Other Chinese brands record lower sales volumes in Europe.

Xpeng Motors delivered 578 vehicles in Europe in July, up 335% year-on-year, and its cumulative deliveries for the year grew 1,432% to 2,818 vehicles. Great Wall Motors sold 292 vehicles in Europe in July, a 9% decrease compared to last year, but its cumulative sales for the first seven months of 2024 reached 2,382 vehicles, up 77% year-on-year.

NIO registered 156 electric vehicles in Europe in July, a 54% year-on-year increase, and its cumulative registrations for the first seven months grew 5% to 1,000 vehicles. Geely's new energy brand Zeekr sold 111 electric vehicles in Europe in July, bringing its cumulative sales for the first seven months to 910 vehicles.

In total, Chinese NEV brands sold 10,558 vehicles in Europe in July, a 6% year-on-year decrease. However, cumulative sales for the first seven months of 2024 still showed a 21% year-on-year increase, reaching 80,946 vehicles.

Foreign analysts believe that many Chinese brands rushed to complete registration procedures before the tariff deadline, leading to a dip in July sales. In the long run, building local factories appears to be the only way for Chinese brands to establish a foothold in the European market.

BYD, for instance, is constructing factories in Hungary and Turkey, which will help the company avoid new tariffs once they come online. Additionally, BYD recently announced the acquisition of its German distributor, further signaling its commitment to the European market.

However, the decline in Chinese NEV sales in July is also linked to weaker demand for electric vehicles across Europe.

According to the European Automobile Manufacturers Association, new car sales in Europe saw a modest 0.2% increase in July 2024, with Italy and Spain leading the growth, while France and Germany experienced declines of 2.3% and 2.1%, respectively.

From January to July 2024, European new car sales grew by 3.9% to over 6.5 million vehicles. Spain, Italy, Germany, and France, the four largest markets, all recorded growth, with Spain leading the way with a 5.6% increase. The association also noted that this growth is based on a low baseline from last year.

Despite the overall growth in new car sales, electric vehicle performance remained lackluster.

In July 2024, sales of pure electric vehicles in Europe fell by 10.8% to 102,705 units, with market share dropping from 13.5% a year ago to 12.1%. Although countries like Belgium, the Netherlands, and France saw growth, it was not enough to offset the sharp decline in Germany, where pure electric vehicle sales dropped by 36.8%. For the year, Europe has sold a cumulative 815,399 pure electric vehicles, accounting for 12.5% of the total market.

Plug-in hybrid electric vehicles (PHEVs) also saw a decline, with sales dropping by 14.1% in July. Germany, however, posted a surprising 3.2% growth in this segment. Europe sold a total of 57,679 new PHEVs in July, accounting for 6.8% of the car market, down from 7.9% the previous year.

In contrast to the struggles of pure electric and plug-in hybrid vehicles, demand for hybrid electric vehicles (HEVs) continued to grow.

In July 2024, HEV sales in Europe increased by 25.7%, reaching 273,003 units. All four major markets saw growth—France was up 47.4%, Spain 31.5%, Germany 22.4%, and Italy 17.4%. This growth pushed HEV market share from 25.5% in July 2023 to 32% this year.

Based on the numbers, if we only consider pure electric and plug-in hybrid vehicles, Europe's NEV penetration rate in July was just 18.9%, far below China's rate of over 50%. This explains why European automakers are becoming more cautious about NEVs.

However, when hybrid electric vehicles are included, Europe's NEV penetration rate in July reaches 50.9%, putting it on par with China's.

This raises the question: as the world transitions to electrification, will the future be purely electric, or will hybrid electric vehicles play a leading role?

特别声明:以上内容(如有图片或视频亦包括在内)为自媒体平台“网易号”用户上传并发布,本平台仅提供信息存储服务。

Notice: The content above (including the pictures and videos if any) is uploaded and posted by a user of NetEase Hao, which is a social media platform and only provides information storage services.

相关推荐
热点推荐
在岸人民币兑美元12月9日16:30收盘报7.2760,较上一交易日下跌178点

在岸人民币兑美元12月9日16:30收盘报7.2760,较上一交易日下跌178点

每日经济新闻
2024-12-09 16:36:09
网友吐槽:医院还在扩建是一个悲哀,过度医疗集中,这就是浪费!

网友吐槽:医院还在扩建是一个悲哀,过度医疗集中,这就是浪费!

眼光很亮
2024-12-09 22:56:52
好消息,太阳队凯文·杜兰特脚踝伤势得到“非常积极”的最新消息

好消息,太阳队凯文·杜兰特脚踝伤势得到“非常积极”的最新消息

好火子
2024-12-10 02:28:47
蛮怼不叫做爱,学习这些技巧让你拥有高潮人生

蛮怼不叫做爱,学习这些技巧让你拥有高潮人生

温柔圣手
2024-07-07 09:32:24
大冷!6连胜山东惜败5连败吉林 琼斯29+6+6高诗岩13分

大冷!6连胜山东惜败5连败吉林 琼斯29+6+6高诗岩13分

醉卧浮生
2024-12-09 21:58:45
电动车或将被淘汰!新型两轮车已大量上路,不用充电,续航百公里

电动车或将被淘汰!新型两轮车已大量上路,不用充电,续航百公里

电动车的那些事儿
2024-12-09 09:55:28
张柏芝三胎儿子近照曝光,6岁小王子五官俊朗,专挑父母优点长!

张柏芝三胎儿子近照曝光,6岁小王子五官俊朗,专挑父母优点长!

柴叔带你看电影
2024-12-07 22:24:14
英国教授:世界上只有中国和外国的区别,中国的信仰西方难以做到

英国教授:世界上只有中国和外国的区别,中国的信仰西方难以做到

历史微鉴
2024-12-09 19:40:15
广东最新明确:这类景区应免费开放!2025年1月1日起施行

广东最新明确:这类景区应免费开放!2025年1月1日起施行

珠江时报
2024-12-09 13:28:41
能免费拾到"黑丝"!《无限暖暖》黑丝连裤袜位置分享

能免费拾到"黑丝"!《无限暖暖》黑丝连裤袜位置分享

游民星空
2024-12-08 20:10:13
首战告捷!WTT中国大满贯孙颖莎3-0轻松横扫波兰选手娜塔莉亚-巴约

首战告捷!WTT中国大满贯孙颖莎3-0轻松横扫波兰选手娜塔莉亚-巴约

懂球帝
2024-09-29 11:35:28
阿根廷“疯子”总统,又挥起了电锯

阿根廷“疯子”总统,又挥起了电锯

南风窗
2024-12-09 15:26:08
运营商财经网康钊:美国居然不让中国芯片企业使用美国EDA软件

运营商财经网康钊:美国居然不让中国芯片企业使用美国EDA软件

运营商财经网
2024-12-10 03:48:05
我的天,薇娅这是“换头”了吗

我的天,薇娅这是“换头”了吗

娱乐小板报
2024-12-09 15:51:09
乌军无线电诱击库尔斯克俄军!俄方竟称愿成为乌克兰保护国

乌军无线电诱击库尔斯克俄军!俄方竟称愿成为乌克兰保护国

项鹏飞
2024-12-07 20:56:30
CBA排名变脸!山西力压北京新疆,广东只排第十 山东爆冷上海崛起

CBA排名变脸!山西力压北京新疆,广东只排第十 山东爆冷上海崛起

中国篮坛快讯
2024-12-09 22:57:02
广州电动车“限速15公里”,骑手来不及送餐?起草者回应

广州电动车“限速15公里”,骑手来不及送餐?起草者回应

南方都市报
2024-12-09 16:04:18
“戒严文”不是说说而已?赖清德拒认错,民进党越洗越脏!

“戒严文”不是说说而已?赖清德拒认错,民进党越洗越脏!

手工制作阿歼
2024-12-10 03:42:41
谁当国防部长,毛主席定下林彪,罗荣桓说,他不行

谁当国防部长,毛主席定下林彪,罗荣桓说,他不行

顾鱼
2024-12-09 17:04:15
岳母给妻子90万,父母赶来借给弟弟买房,妻子打通电话我人财两空

岳母给妻子90万,父母赶来借给弟弟买房,妻子打通电话我人财两空

秋雅聊爱情
2024-12-07 23:13:36
2024-12-10 05:07:00
钛媒体APP
钛媒体APP
独立财经科技媒体
111108文章数 859496关注度
往期回顾 全部

教育要闻

二次函数相关系数abc有关的中考真题分析

头条要闻

琼瑶离世留"10亿巨额版权" 儿媳何琇琼发布10字声明

头条要闻

琼瑶离世留"10亿巨额版权" 儿媳何琇琼发布10字声明

体育要闻

30岁临时工被裁员 NBA的人情与现实

娱乐要闻

尖叫之夜,明星们的小心思全照出来了

财经要闻

半导体新攻防

科技要闻

马云罕见演讲:AI改变一切 但不能决定一切

汽车要闻

保时捷经销商精简背后 是战略升级

态度原创

游戏
本地
时尚
教育
公开课

Switch独立游戏大促12月13日开启 精品好玩齐聚

本地新闻

探黔地风情,于山水之间赏不败之花

冬天拒绝一身黑,这些彩色穿搭太好看了,时髦优雅又减龄

教育要闻

一场闹剧?孩子花70万中介费上港大,1年后被清退,家长索赔百万

公开课

李玫瑾:为什么性格比能力更重要?

无障碍浏览 进入关怀版