Chinese brands’ share of European electric vehicle market revealed
July 30, 2024
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Chinese electric car manufacturers are seriously competing around the world with the incentives and support they get from the country’s government. In response to this situation, the US
Chinese electric car manufacturers are seriously competing around the world with the incentives and support they get from the country’s government. In response to this situation, the US and the EU also bought vehicles of Chinese origin. additional customs measures take. Still, Chinese manufacturers broke a record in the electric vehicle market in Europe with an 11% market share in June.
This is evident from research conducted by Dataforce in June 23 thousand electric cars of Chinese origin sales were made. These sales were recorded as a historical record for Chinese manufacturers, both in terms of quantity and market share.
Chinese companies’ sales are increasing
Vehicle sales from Chinese manufacturers like 72 percent has increased significantly. European Union Before the regulation, both European and Asian manufacturers tried to sell as many electric vehicles as possible. This situation is reflected in the number of vehicles sold. On the other hand, this growth of Chinese companies may not continue.
The most significant leap in the rise of Chinese companies is the companies supported by the Chinese government. to SAIC While MG4’s 40 percent jump is remarkable, the company’s “buy 1 get 1 free” campaign in Germany and BYD’s attention-grabbing presence during the European Championships play a major role in this breakthrough. However, only time will tell how sustainable these generous offers are.
Donald Salinas is an experienced automobile journalist and writer for Div Bracket. He brings his readers the latest news and developments from the world of automobiles, offering a unique and knowledgeable perspective on the latest trends and innovations in the automotive industry.