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
姚明祝福+羡慕孙悦:你有CBA和NBA两种冠军戒指 我只有一种

姚明祝福+羡慕孙悦:你有CBA和NBA两种冠军戒指 我只有一种

直播吧
2024-12-06 22:34:38
葡体三连败,主帅赛后谈阿莫林:他不是缠绕着球队的鬼魂

葡体三连败,主帅赛后谈阿莫林:他不是缠绕着球队的鬼魂

直播吧
2024-12-06 12:37:20
尺度太生猛,Netflix把A片之王搬上了荧幕

尺度太生猛,Netflix把A片之王搬上了荧幕

美剧院线
2024-11-28 22:52:32
隔空嘴仗难结束!瓜迪奥拉:我的英超冠军比穆帅多三个,这是事实

隔空嘴仗难结束!瓜迪奥拉:我的英超冠军比穆帅多三个,这是事实

雷速体育
2024-12-07 07:36:12
英媒:特朗普团队有“三种方案解决俄乌冲突”,包括冻结当前战线、设立非军事区、建立“自治区”

英媒:特朗普团队有“三种方案解决俄乌冲突”,包括冻结当前战线、设立非军事区、建立“自治区”

环球网资讯
2024-12-06 07:00:17
我做男按摩师,每天为富婆服务,发现富婆的特点

我做男按摩师,每天为富婆服务,发现富婆的特点

乔生桂
2024-08-22 10:54:19
大牌沐浴露被曝出“催情成分”,网友:默默下单了

大牌沐浴露被曝出“催情成分”,网友:默默下单了

首席品牌观察
2024-12-05 15:51:58
小米第三款汽车再度曝光 或由武汉东风代工 售价15万起

小米第三款汽车再度曝光 或由武汉东风代工 售价15万起

手机中国
2024-12-06 20:37:08
他是矮矬穷却拥有让所有男人嫉妒的大家伙,因太受富婆喜爱被FBI调查

他是矮矬穷却拥有让所有男人嫉妒的大家伙,因太受富婆喜爱被FBI调查

魏惊蛰
2023-06-29 21:51:37
内蒙古自治区人民政府发布通告

内蒙古自治区人民政府发布通告

鲁中晨报
2024-12-06 20:25:04
蒙古接连发生重大刑案和恶性交通事故造成中国公民死伤 中使馆发布提醒

蒙古接连发生重大刑案和恶性交通事故造成中国公民死伤 中使馆发布提醒

新京报
2024-12-07 07:25:14
老百姓浑身都是宝,非法洗衣服、走路罚款之后,钓鱼办证时代来了

老百姓浑身都是宝,非法洗衣服、走路罚款之后,钓鱼办证时代来了

顾礼先生
2024-04-08 15:24:46
上海33位名医入选!国家杰出医师、国家优秀青年医师人选公布

上海33位名医入选!国家杰出医师、国家优秀青年医师人选公布

大树成长营
2024-12-06 22:28:33
中国外交官要求与台湾“断交”,遭巴拉圭驱逐,限定24小时内离境

中国外交官要求与台湾“断交”,遭巴拉圭驱逐,限定24小时内离境

颜咊生活说
2024-12-06 09:52:16
阿萨德的过往已成云烟,特权与暴政的终结便是他的归宿!

阿萨德的过往已成云烟,特权与暴政的终结便是他的归宿!

小企鹅侃世界
2024-12-03 23:18:12
刘晓庆的瓜愈演愈烈!小男友再爆猛料私密视频流出,他得寸进尺了

刘晓庆的瓜愈演愈烈!小男友再爆猛料私密视频流出,他得寸进尺了

辣条小剧场
2024-11-09 06:22:17
2024年以来湖南日平均气温为60多年来同期最高

2024年以来湖南日平均气温为60多年来同期最高

环球网资讯
2024-12-06 21:49:09
7场轰8球!西甲标王闪耀!带队7连胜,9000万欧超值,比姆巴佩香

7场轰8球!西甲标王闪耀!带队7连胜,9000万欧超值,比姆巴佩香

阿泰希特
2024-12-06 13:10:21
人形机器人市场空间超3000亿!这些公司有望率先受益!

人形机器人市场空间超3000亿!这些公司有望率先受益!

私募排排网
2024-12-05 16:37:25
很多出问题的孩子都是从初二开始的,这几个原因家长需要搞清楚

很多出问题的孩子都是从初二开始的,这几个原因家长需要搞清楚

好爸育儿
2024-12-06 09:56:55
2024-12-07 07:55:00
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

四年级附加题:尖子生都来挑战一下,换元法

头条要闻

美军高官没憋住:我们刚发报告 中俄战机歘一下就来了

头条要闻

美军高官没憋住:我们刚发报告 中俄战机歘一下就来了

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

亲子
教育
健康
游戏
公开课

亲子要闻

3 折起!抢大牌「真」羽绒,亲子一起入

教育要闻

张克运:特色就是优质化的常规 | 新时代教育书摘

花18万治疗阿尔茨海默病,值不值?

《微软模拟飞行2024》IGN 9分:想体验数百小时

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