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
美国工程师:摸不透中国人,大力发展水力发电,却不知里面的危害

美国工程师:摸不透中国人,大力发展水力发电,却不知里面的危害

探秘历史
2024-12-06 13:25:03
货车司机遇查跳桥身亡后续:31岁俩娃,家属崩溃,执法员跪地不起

货车司机遇查跳桥身亡后续:31岁俩娃,家属崩溃,执法员跪地不起

小盖纪实
2024-12-06 09:37:59
年检大变革:“最严OBD检测”将至,老旧油车命运几何?

年检大变革:“最严OBD检测”将至,老旧油车命运几何?

墨下
2024-12-06 09:19:43
中国大妈,为什么劝你穿羽绒服别戴丝巾?看完3组素人对比图就懂

中国大妈,为什么劝你穿羽绒服别戴丝巾?看完3组素人对比图就懂

白宸侃片
2024-12-06 12:03:50
OBD检测取得重大胜利,指定M站维修涉嫌违法?网友这次忍不了!

OBD检测取得重大胜利,指定M站维修涉嫌违法?网友这次忍不了!

眼光很亮
2024-12-05 10:35:58
电讯报:城市集团希望德布劳内内部转岗,加盟旗下球队

电讯报:城市集团希望德布劳内内部转岗,加盟旗下球队

雷速体育
2024-12-05 23:55:18
中国空军才是最可怕的?美国通过俄乌战争看清:中国远比想象强大

中国空军才是最可怕的?美国通过俄乌战争看清:中国远比想象强大

由史
2024-12-05 13:34:17
俄罗斯海军紧急撤离!吉尔金:当初就不该以任何方式帮助阿萨德

俄罗斯海军紧急撤离!吉尔金:当初就不该以任何方式帮助阿萨德

鹰眼Defence
2024-12-04 16:37:29
许家印背后的3座“靠山”:一位去世、一位判死刑,身份都不简单

许家印背后的3座“靠山”:一位去世、一位判死刑,身份都不简单

阿器谈史
2024-12-05 12:40:11
篮协又出大昏招了?2米28张子宇被放弃了:或落选U19世界杯?

篮协又出大昏招了?2米28张子宇被放弃了:或落选U19世界杯?

篮球快餐车
2024-12-06 01:36:27
牛散,张素芬,持有的股票

牛散,张素芬,持有的股票

小佩棋不蹦迪
2024-12-06 15:19:20
土耳其突然变脸,获得F-35购买权后,对俄罗斯背后捅刀子

土耳其突然变脸,获得F-35购买权后,对俄罗斯背后捅刀子

兵说
2024-12-05 17:18:45
大反转!辽宁队收重大好消息,最新顶级外援即将到位,库里被裁掉

大反转!辽宁队收重大好消息,最新顶级外援即将到位,库里被裁掉

宗介说体育
2024-12-06 13:46:46
毫无作用还是卡断脖子,中国禁止出口“镓”后对美国海军的影响

毫无作用还是卡断脖子,中国禁止出口“镓”后对美国海军的影响

万乘之尊
2024-12-05 17:05:40
全员“梓涵”消失,新一批“烂大街”名字来袭,已经有人入坑了!

全员“梓涵”消失,新一批“烂大街”名字来袭,已经有人入坑了!

涵豆说历史
2024-12-02 10:22:50
蒙面枪手从背后连开数枪,4万亿巨头CEO纽约遇刺身亡!监控曝光,更多细节公布

蒙面枪手从背后连开数枪,4万亿巨头CEO纽约遇刺身亡!监控曝光,更多细节公布

都市快报橙柿互动
2024-12-05 16:48:59
比特币早年展台照曝光:布置寒酸,注册就送100枚,如今价值7200万!

比特币早年展台照曝光:布置寒酸,注册就送100枚,如今价值7200万!

小萝卜丝
2024-12-05 14:24:51
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
员工周末不响应工作,创始人很失望,网友:你买奔驰也没和我换着开

员工周末不响应工作,创始人很失望,网友:你买奔驰也没和我换着开

热闹的河马
2024-12-05 21:48:15
平鑫涛前妻近况曝光,94岁林婉珍优雅漂亮,与琼瑶过往恩怨被扒

平鑫涛前妻近况曝光,94岁林婉珍优雅漂亮,与琼瑶过往恩怨被扒

180°视角
2024-12-06 12:07:10
2024-12-06 18:00:49
钛媒体APP
钛媒体APP
独立财经科技媒体
110986文章数 859456关注度
往期回顾 全部

教育要闻

做好1件事,价值胜过学习千万次的家庭教育!

头条要闻

七旬老人病亡医嘱上开10支注射液 收费单上却是340支

头条要闻

七旬老人病亡医嘱上开10支注射液 收费单上却是340支

体育要闻

当家球星伤停后,他们是NBA最猛球队

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

华为新款折叠屏手机今日开售后“秒光”

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

教育
本地
旅游
数码
游戏

教育要闻

女孩遇到霸凌,妈妈反问为什么就你被打,女孩崩溃痛哭,网友破防

本地新闻

探黔地风情,于山水之间赏不败之花

旅游要闻

游客在冰湖面拍照 一脚踩空掉进冰窟窿

数码要闻

杰理科技:TWS耳机芯片领军者,创新驱动国产芯片崛起

前暴雪总裁暗讽漫威争锋抄袭OW 玩家:TF2怎么说

无障碍浏览 进入关怀版