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
婚姻法新规:非夫妻关系的男女自愿同居,如果被查到之后...

婚姻法新规:非夫妻关系的男女自愿同居,如果被查到之后...

感觉会火
2024-10-29 12:10:31
“杜马之争”的胜负已分!

“杜马之争”的胜负已分!

星辰故事屋
2024-12-07 20:09:31
77票弃权,俄国家杜马表决结束,普京收到反对票,敌人浮出水面?

77票弃权,俄国家杜马表决结束,普京收到反对票,敌人浮出水面?

智凌纵横
2024-12-08 19:40:03
成都蓉城为大礼包道歉:礼包中放4瓶水,球迷直呼没用心!

成都蓉城为大礼包道歉:礼包中放4瓶水,球迷直呼没用心!

邱泽云
2024-12-08 15:39:36
24分大逆转!外援36+爆发率广厦守住榜首,新疆末节崩盘8连胜终结

24分大逆转!外援36+爆发率广厦守住榜首,新疆末节崩盘8连胜终结

环太平洋老正太
2024-12-08 22:08:48
外交部重磅视频!

外交部重磅视频!

鲁中晨报
2024-12-07 18:18:27
国乒决赛丢面子!肖战质疑主场遭误判丢分,被韩国人耻笑不懂规则

国乒决赛丢面子!肖战质疑主场遭误判丢分,被韩国人耻笑不懂规则

三十年莱斯特城球迷
2024-12-08 20:20:05
12月8日俄乌最新:江河日下

12月8日俄乌最新:江河日下

西楼饮月
2024-12-08 23:13:31
赛季首次连胜!上海36分狂胜四川+两战狂赢66分 王哲林17+10

赛季首次连胜!上海36分狂胜四川+两战狂赢66分 王哲林17+10

醉卧浮生
2024-12-08 21:40:35
李银河:性是人类最深刻的欲望

李银河:性是人类最深刻的欲望

尚曦读史
2024-12-06 21:28:05
嫩模讲述海天盛宴:娱乐活动肮脏而刺激,两晚挣五十万却伤痕累累

嫩模讲述海天盛宴:娱乐活动肮脏而刺激,两晚挣五十万却伤痕累累

吴学华看天下
2023-06-30 13:29:10
李湘王岳伦英国陪女儿考驾照,900万豪车已备好,王诗龄坐姿豪迈

李湘王岳伦英国陪女儿考驾照,900万豪车已备好,王诗龄坐姿豪迈

海盐有点甜
2024-12-08 18:24:04
2025款丰田凯美瑞——现代设计的杰作!

2025款丰田凯美瑞——现代设计的杰作!

沙雕小琳琳
2024-12-08 17:01:40
突发:深圳知名房企老板跳楼,楼市不反弹多人可能熬不过这个冬天

突发:深圳知名房企老板跳楼,楼市不反弹多人可能熬不过这个冬天

时时有聊
2024-12-08 08:34:21
林志颖大儿子颜值逆袭!15岁近照公开,眼睛跟爸爸17岁时一模一样

林志颖大儿子颜值逆袭!15岁近照公开,眼睛跟爸爸17岁时一模一样

萌神木木
2024-12-08 15:07:24
高通急了!对美发出警告:不恢复华为供货将放弃一切合作

高通急了!对美发出警告:不恢复华为供货将放弃一切合作

现代小青青慕慕
2024-12-07 08:29:31
网传深圳某区初中生到校时间调整为7:50,网友:忽如一夜春风来…

网传深圳某区初中生到校时间调整为7:50,网友:忽如一夜春风来…

火山诗话
2024-12-08 17:30:33
年薪4350万超NBA球星!色情网红拒绝当性爱娃娃的腰臀模特

年薪4350万超NBA球星!色情网红拒绝当性爱娃娃的腰臀模特

直播吧
2024-12-08 16:44:19
沉默24小时后,阿萨德终于发声,交出总统权力,叙利亚一夜变天

沉默24小时后,阿萨德终于发声,交出总统权力,叙利亚一夜变天

芯怡飞
2024-12-09 00:00:58
复出失败,两部新剧都遭AI换脸,他算是彻底凉凉了...

复出失败,两部新剧都遭AI换脸,他算是彻底凉凉了...

银河卧谈会
2024-12-07 20:44:45
2024-12-09 01:39:00
钛媒体APP
钛媒体APP
独立财经科技媒体
111053文章数 859483关注度
往期回顾 全部

教育要闻

TTS新传论文带读:笑死!传播学又被革命了...传播学3.0研究范式!!

头条要闻

特朗普:阿萨德离开了 俄罗斯再也没有兴趣保护他了

头条要闻

特朗普:阿萨德离开了 俄罗斯再也没有兴趣保护他了

体育要闻

30岁临时工被裁员 NBA的人情与现实

娱乐要闻

陈妍希父亲去世:陈晓未回应引争议

财经要闻

马斯克身价暴增 美银力挺特斯拉

科技要闻

马云现身蚂蚁20周年现场罕见演讲

汽车要闻

东风本田全新新能源工厂首开放

态度原创

教育
本地
房产
手机
军事航空

教育要闻

简单易懂!从头到尾捋清楚论文这点事!小白放心听,包会~

本地新闻

探黔地风情,于山水之间赏不败之花

房产要闻

聚力・向前|网易房产年末特别策划:2024房产大事记

手机要闻

华为 Mate 70 系列手机已适配“通信共享”功能

军事要闻

俄外交部:阿萨德已放弃叙利亚总统职位

无障碍浏览 进入关怀版