During June 2024, Chinese brands registered more than 23,000 electric cars throughout the region, which indicates the rapid penetration of Asian producers into the European market.
Last month, brands from China captured 11% of the European electric vehicle market, reaching a record. About it reports Bloomberg.
The leader was the Saic Motor, which supplies its MG4 hatchback in large numbers. In total, more than 23,000 electric cars were registered throughout the region during the month of the Middle Kingdom.
Chinese manufacturers tried to overcome the tough duties of the EU, which came into force in early July. It should be noted that the EU duties impose an additional 38% fee on the Saic Motor, while BYD will pay an additional 17% to an existing 10% duty.
Experts do not know whether it will be possible to maintain an increase in volumes in the coming months. However, they warn that the tensions between China and the EU rise to develop into a real trade war for the car market.
China tries to bypass the EU duties
Earlier it was reported that electric vehicles from China decided to expand their activities in Europe to reduce the impact of new duties.
The new generation of manufacturers of environmentally friendly cars in China is united with the local industry to make their machines not imported. For example, the Chinese company Chery Automobile Co. In cooperation with the Spanish Ebro-Ev Motors, she decided to present the Omoda E5 model.
It was also reported that in response to EU restrictive measures, Beijing announced plans to hear cognac imports from Europe.
