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
请两亿股民做好准备,A股下周方向提前出炉,重要变盘信号出现!

请两亿股民做好准备,A股下周方向提前出炉,重要变盘信号出现!

一丛深色花儿
2024-12-06 14:48:45
魔兽世界:60级团本临近,国服半数玩家无法进本,暴雪免费送神装

魔兽世界:60级团本临近,国服半数玩家无法进本,暴雪免费送神装

胖哥游戏说
2024-12-06 17:30:30
男生考上北大被父亲暴打,走投无路报警,才知父亲真实身份

男生考上北大被父亲暴打,走投无路报警,才知父亲真实身份

纸鸢奇谭
2024-10-02 19:26:12
被饿怕的中国人,一年进口粮食1.6亿吨,粮食若被美国制裁咋办?

被饿怕的中国人,一年进口粮食1.6亿吨,粮食若被美国制裁咋办?

探秘历史
2024-12-06 13:25:03
12月,转运翻身,爱情事业双丰收的三个星座

12月,转运翻身,爱情事业双丰收的三个星座

小晴星座说
2024-12-06 17:49:40
山西:大风+降雪,最低-19℃...

山西:大风+降雪,最低-19℃...

山西达人
2024-12-06 18:02:46
媒体人揭秘孔卡让伊瓜因吃惊:孔卡说妻子一来中国就怀上了

媒体人揭秘孔卡让伊瓜因吃惊:孔卡说妻子一来中国就怀上了

直播吧
2024-12-04 23:15:15
网友:焊接科和财务部都在卖车,一汽丰田真是拼了!难怪双最高…

网友:焊接科和财务部都在卖车,一汽丰田真是拼了!难怪双最高…

火山诗话
2024-12-05 20:22:45
萨拉赫与利物浦签订新合同!内部人士透露红军“屈服于他的要求”

萨拉赫与利物浦签订新合同!内部人士透露红军“屈服于他的要求”

夜白侃球
2024-12-06 17:04:24
大手笔!泰山队冬窗抢先出手引进三位重量级新援入队,格德斯领衔

大手笔!泰山队冬窗抢先出手引进三位重量级新援入队,格德斯领衔

小海要说球
2024-12-06 18:01:12
CBA快讯,杜润旺被开出罚单,阿姆斯告别广东,NBA悍将被山西裁掉

CBA快讯,杜润旺被开出罚单,阿姆斯告别广东,NBA悍将被山西裁掉

体坛小快灵
2024-12-06 09:56:39
法媒刊文嘲讽!中国补贴造车,现留下“过剩产能”与“千亿烂尾”

法媒刊文嘲讽!中国补贴造车,现留下“过剩产能”与“千亿烂尾”

头条爆料007
2024-12-05 08:16:00
继立陶宛后又一国家驱逐中国外交官,引起外界高度关注。

继立陶宛后又一国家驱逐中国外交官,引起外界高度关注。

小企鹅侃世界
2024-12-06 10:18:26
陈志兴已任长春市委常委

陈志兴已任长春市委常委

鲁中晨报
2024-12-05 20:57:06
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
西部第一领跑!雷霆37分大胜猛龙 亚历山大30分三分10中1

西部第一领跑!雷霆37分大胜猛龙 亚历山大30分三分10中1

醉卧浮生
2024-12-06 10:46:13
深圳13人失联工地坍塌画面流出,涉事企业曝光,一画面信息量大

深圳13人失联工地坍塌画面流出,涉事企业曝光,一画面信息量大

博士观察
2024-12-05 22:32:53
0-1!全北现代“故意放水”?比赛毫无斗志,助泰超劲旅小组出线

0-1!全北现代“故意放水”?比赛毫无斗志,助泰超劲旅小组出线

汪星人哟
2024-12-05 19:53:39
96年,浙江9岁女孩长“马脸”,蒙面13年不见人,医生换脸助新生

96年,浙江9岁女孩长“马脸”,蒙面13年不见人,医生换脸助新生

苏曼文史
2024-11-27 09:07:07
许昌市纪委监委:韩培鑫被查

许昌市纪委监委:韩培鑫被查

鲁中晨报
2024-12-06 17:01:03
2024-12-06 19:31:00
钛媒体APP
钛媒体APP
独立财经科技媒体
110996文章数 859458关注度
往期回顾 全部

教育要闻

大学新增家政专业,打脸无数家长?

头条要闻

哥伦比亚机库被指发现2万具尸体 联合国披露重大信息

头条要闻

哥伦比亚机库被指发现2万具尸体 联合国披露重大信息

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

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

旅游
本地
时尚
公开课
军事航空

旅游要闻

日媒:日决定放宽中国公民赴日签证部分发放条件

本地新闻

探黔地风情,于山水之间赏不败之花

王安宇:听了海璐姐的话,他内娱“男妲己”之路真是越来越顺畅了。

公开课

李玫瑾:为什么性格比能力更重要?

军事要闻

叙利亚反对派武装攻入哈马市 首都大马士革命悬一线

无障碍浏览 进入关怀版