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
张子枫六块腹肌上热搜 网友:对自己狠啥都能成功

张子枫六块腹肌上热搜 网友:对自己狠啥都能成功

大象新闻
2024-12-04 10:00:07
马云的预言要变真吗?如果不出意外,12月房地产将要迎来转变

马云的预言要变真吗?如果不出意外,12月房地产将要迎来转变

房产有点意思
2024-12-06 15:08:01
起底网红祁天道:曾获刑4年,复出后月平均收入400万,辛巴曾是榜一大哥

起底网红祁天道:曾获刑4年,复出后月平均收入400万,辛巴曾是榜一大哥

鞭牛士
2024-12-05 21:58:15
俾路支叛军溃败,解放军演习初见成效,幕后势力急了:中方别插手

俾路支叛军溃败,解放军演习初见成效,幕后势力急了:中方别插手

谷火平
2024-12-06 19:35:16
重磅!重庆或将迎来一大批“新移民”?但背后原因令人担忧...

重磅!重庆或将迎来一大批“新移民”?但背后原因令人担忧...

大卫聊地产
2024-12-06 18:26:21
永不出口欧美!我国这一技术打破30年垄断,霸气取消16400亿订单

永不出口欧美!我国这一技术打破30年垄断,霸气取消16400亿订单

有历史
2024-11-30 15:11:22
8个名人离世前镜头:蒋介石双手被胶带绑椅子上,乔布斯骨瘦如柴

8个名人离世前镜头:蒋介石双手被胶带绑椅子上,乔布斯骨瘦如柴

葡萄说史
2024-12-05 15:28:33
一个县委书记的生活:在县长面前霸气立威,暗访单身女下属家

一个县委书记的生活:在县长面前霸气立威,暗访单身女下属家

牛城王小帅
2024-07-03 11:51:54
绝了!复旦女生宋思瑶的一句话,让台湾黑熊学院沈伯洋气得吐血!

绝了!复旦女生宋思瑶的一句话,让台湾黑熊学院沈伯洋气得吐血!

青青子衿
2024-12-03 06:49:41
背后就是大马士革!叙利亚巴沙尔政府已经命悬一线?

背后就是大马士革!叙利亚巴沙尔政府已经命悬一线?

小宇宙双色球
2024-12-06 18:11:14
韩国国防部:即便再有戒严要求,韩国军方也不会遵守

韩国国防部:即便再有戒严要求,韩国军方也不会遵守

澎湃新闻
2024-12-06 14:03:05
2025蛇年不一般,7龙治水,4牛耕田,2个六月,2个立春,有啥预兆

2025蛇年不一般,7龙治水,4牛耕田,2个六月,2个立春,有啥预兆

小谈食刻美食
2024-12-04 17:41:25
琼瑶去世才2天,林婉珍“豁达”便展露无遗,难怪她能笑到最后

琼瑶去世才2天,林婉珍“豁达”便展露无遗,难怪她能笑到最后

三石记
2024-12-06 19:26:16
向全世界宣布!50亿光刻机厂落地浙江,阿斯麦傻了:越来越强大?

向全世界宣布!50亿光刻机厂落地浙江,阿斯麦傻了:越来越强大?

素年文史
2024-08-08 08:05:02
演员刘桂娟多地演出取消!要步金星后尘?至今不对错误行为致歉

演员刘桂娟多地演出取消!要步金星后尘?至今不对错误行为致歉

晓徙历史
2024-12-05 09:32:09
世界最大直径高铁盾构机掘进突破3000米

世界最大直径高铁盾构机掘进突破3000米

澎湃新闻
2024-12-06 17:23:12
A股:没必要等待了,行情很明朗,下周一准备迎接更大级别变盘!

A股:没必要等待了,行情很明朗,下周一准备迎接更大级别变盘!

价值投资者
2024-12-06 17:13:08
入冬后,建议大家少买这5种青菜,可能含甲醛,我也是才知道!

入冬后,建议大家少买这5种青菜,可能含甲醛,我也是才知道!

洪洋美食日记
2024-12-05 19:18:18
习惯性动作?阿莫林带曼联踢了4场,有2场都做出了掩面扶额的动作

习惯性动作?阿莫林带曼联踢了4场,有2场都做出了掩面扶额的动作

直播吧
2024-12-06 11:55:17
捷克的真实现状,色情产业享誉全球,连日本都甘拜下风

捷克的真实现状,色情产业享誉全球,连日本都甘拜下风

听风者说
2024-12-04 21:26:49
2024-12-07 02:51:00
钛媒体APP
钛媒体APP
独立财经科技媒体
111008文章数 859460关注度
往期回顾 全部

教育要闻

TTS新传论文带读:短视频与文化治理?这个话题有意思!

头条要闻

叙反对派武装领导人:要推翻阿萨德 伊朗俄罗斯救不了

头条要闻

叙反对派武装领导人:要推翻阿萨德 伊朗俄罗斯救不了

体育要闻

9号再见!孙悦球衣正式退役

娱乐要闻

《情书》女主角去世 被发现倒在浴缸中

财经要闻

黄文政谈起点收入:不工作也应有收入?

科技要闻

这一次,多亏了日本?

汽车要闻

星途星纪元 ET增程四驱版于12月15日上市

态度原创

本地
教育
亲子
手机
公开课

本地新闻

探黔地风情,于山水之间赏不败之花

教育要闻

孩子被霸凌,反遭母亲质疑。这妈妈该反省,学校也改认领事件了。

亲子要闻

3 折起!抢大牌「真」羽绒,亲子一起入

手机要闻

鸿蒙NEXT再次发力:华为Nova12系列已开启公测版测试,你报名了吗

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