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
第三个乌克兰出现?高呼“今夜即可开战”,50万士兵准备就绪

第三个乌克兰出现?高呼“今夜即可开战”,50万士兵准备就绪

国学聚焦
2024-12-06 14:05:03
詹俊:祈祷遭遇车祸的安东尼奥逃过一劫,曼城对尤文曼联胜负难料

詹俊:祈祷遭遇车祸的安东尼奥逃过一劫,曼城对尤文曼联胜负难料

直播吧
2024-12-08 01:32:05
辽宁省委大动作:两所高校换书记,教育改革新气象!

辽宁省委大动作:两所高校换书记,教育改革新气象!

阿离家居
2024-12-08 02:39:37
成都房价太吓人了,购房者投诉开发商涨价30-40万一套

成都房价太吓人了,购房者投诉开发商涨价30-40万一套

小人物看尽人间百态
2024-12-07 09:53:01
菲尔-琼斯:曼城不如上赛季强势,但德比状态与之前表现无关

菲尔-琼斯:曼城不如上赛季强势,但德比状态与之前表现无关

懂球帝
2024-12-08 05:13:14
混团世界杯:王曼昱单局轰出10-0,国乒8-0狂胜罗马尼亚锁定4强!

混团世界杯:王曼昱单局轰出10-0,国乒8-0狂胜罗马尼亚锁定4强!

乒谈
2024-12-07 20:38:46
《我是刑警》开分7.8,多数差评都集中在这三件事上,这回真不怨编剧

《我是刑警》开分7.8,多数差评都集中在这三件事上,这回真不怨编剧

古装影视解说阿凶
2024-12-07 20:17:34
最黑暗的刑讯逼供,吊打警察,串通法院,铸成杀妻铁案

最黑暗的刑讯逼供,吊打警察,串通法院,铸成杀妻铁案

讲真实故事的面霸
2024-08-21 11:51:56
韩国国防部宣布:首都防卫司令官、特战司令官、反间谍司令官被停职

韩国国防部宣布:首都防卫司令官、特战司令官、反间谍司令官被停职

澎湃新闻
2024-12-06 16:09:09
海港彻底重建,两大核心都要走,奥斯卡不续约,还有一人去土超

海港彻底重建,两大核心都要走,奥斯卡不续约,还有一人去土超

体坛风之子
2024-12-07 18:29:28
脱胎换骨!山东男篮6连胜紧随夺冠热门 邱彪赛后低调回应

脱胎换骨!山东男篮6连胜紧随夺冠热门 邱彪赛后低调回应

狼叔评论
2024-12-07 23:37:11
面对看不见敌人的战争,俄罗斯在库尔斯克付出的代价,难以想象

面对看不见敌人的战争,俄罗斯在库尔斯克付出的代价,难以想象

火星宏观
2024-12-05 11:18:10
最残忍的社会真相:穷人没有人脉,富人不谈关系

最残忍的社会真相:穷人没有人脉,富人不谈关系

洞见
2024-11-12 09:17:56
内蒙男子发现妻子出轨,在卧室装7个摄像头,看清情夫后让他崩溃

内蒙男子发现妻子出轨,在卧室装7个摄像头,看清情夫后让他崩溃

天字号野史
2024-11-23 22:29:23
痛别!他意外离世,年仅34岁

痛别!他意外离世,年仅34岁

中吴网
2024-12-07 15:31:33
刚刚,尹锡悦“躲过一劫”!几度反转,韩国会今天上演激烈“攻防战”

刚刚,尹锡悦“躲过一劫”!几度反转,韩国会今天上演激烈“攻防战”

新民晚报
2024-12-07 21:30:16
父亲瞒着母亲给了乞丐钱,后来父亲下葬遭村霸阻拦,却被直接吓退

父亲瞒着母亲给了乞丐钱,后来父亲下葬遭村霸阻拦,却被直接吓退

凯裕说故事
2024-12-05 11:22:48
重夺销量冠军!宝马只卖15万后,发现中国消费者买账了!

重夺销量冠军!宝马只卖15万后,发现中国消费者买账了!

不写散文诗
2024-12-06 23:57:49
辽宁小伙认50岁女教师当干妈,每周去其家中补课酿成悲剧

辽宁小伙认50岁女教师当干妈,每周去其家中补课酿成悲剧

青丝人生
2023-12-03 20:25:03
为什么建议:人过60岁以后,最好搬一次家?

为什么建议:人过60岁以后,最好搬一次家?

阿离家居
2024-12-07 20:21:28
2024-12-08 06:07:00
钛媒体APP
钛媒体APP
独立财经科技媒体
111035文章数 859471关注度
往期回顾 全部

教育要闻

绝对值杠上系列竞赛题,很多同学无从下手!

头条要闻

青瓦台前官员:尹锡悦逃过了弹劾 但变成"植物人总统"

头条要闻

青瓦台前官员:尹锡悦逃过了弹劾 但变成"植物人总统"

体育要闻

昔日“最强00后”,还能兑现天赋吗?

娱乐要闻

74岁刘晓庆搀扶65岁倪萍,心态超年轻

财经要闻

时隔半年,央行再增持黄金!

科技要闻

阿里合伙人樊路远内网道歉 自罚三个月工资

汽车要闻

银河星舰7 EM-i上市 先享价9.98-13.28万元

态度原创

艺术
本地
时尚
游戏
教育

艺术要闻

故宫珍藏的墨迹《十七帖》,比拓本更精良,这才是地道的魏晋写法

本地新闻

探黔地风情,于山水之间赏不败之花

一年四季,你永远可以相信“裙子”,告别臃肿感,简约却耐看

《天国拯救》主创嘲讽《龙腾4》:在线还不如7年前游戏

教育要闻

2023年吉林二模高考数学题求最小值,学霸采用基本不等式秒杀!

无障碍浏览 进入关怀版