日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

Global EditionASIA 中文雙語Fran?ais
World
Home / World / Europe

Tariff hike fears drive Chinese EV sales

By JULIAN SHEA in London | China Daily Global | Updated: 2024-08-01 09:30
Share
Share - WeChat
BYD's electric models attract visitors at a new energy auto expo in Beijing. [Photo by A QING /FOR CHINA DAILY]

The surge in Chinese electric vehicle sales across Europe in June was mainly driven by looming tariff threats, newly released data reveal.

According to analytics company Dataforce, Chinese carmakers captured a record 11 percent of the European EV market in June. The figures, which include the United Kingdom, show that about 23,000 EVs were registered in June, marking a 72 percent increase from the previous month as consumers raced to beat anticipated price hikes within the European Union.

In early July, the EU announced plans to impose extra duties of up to 37.6 percent on Chinese EV imports because of what it called "unfair" state subsidies benefiting manufacturers in a keenly contested market.

Data from Dataforce further highlight that 40 percent of the surge in imports came from dealers, rather than consumers, stocking up on vehicles ahead of the tariff implementation.

Chinese state-owned SAIC experienced the greatest uptick in sales, shifting just under 13,400 units in June, as opposed to rival BYD's sales of just under 4,000.

SAIC vehicles are subject to the harshest tariff of 38 percent, compared with the 17 percent on BYD.

Chinese EV imports to the United States have been subject to 100 percent tariffs since the start of the year, killing sales there, but there is still huge demand in the UK, which took 12 percent of vehicles, and the EU, with 36 percent, according to Chinese trade specialist website Soapbox.

Surging prices

The Guardian cited research by Spanish bank BBVA showing that a Chinese car in Europe was up to twice as costly as in the domestic market, with some vehicles, such as BYD's Dolphin, selling for almost three times the price.

In Italy, sales incentives in June to increase EV purchases were all snapped up in less than 9 hours, the Italian government said, with most interest coming from individual buyers.

One consequence of the tariff standoff could be an increase in investment by Chinese EV makers in Europe, as a way round the additional fees.

The BBC reports that BYD's first European factory is already being built in Hungary and production could start before the end of next year, SAIC is reportedly looking at sites, and another manufacturer, Chery, has signed a partnership contract to start manufacturing vehicles in Spain.

"It's a well-architected plan to encourage companies to shift their investments to the EU, instead of relying on exporting from China," said Bill Russo, CEO of strategy and investment organization Automobility in Shanghai.

"The fact that some companies are taxed higher than others is a signal that they will make the penalty higher or lower based on the degree the company is committed to investing in the EU."

Most Viewed in 24 Hours
Top
BACK TO THE TOP
English
Copyright 1994 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 久久aⅴ乱码一区二区三区 婷婷六月丁 | 国产极品一区 | 黄色理论片 | 人人插人人干 | 国产精品天堂 | 久久国产精| 半推半就一ⅹ99av | 新超碰97 | 日韩和的一区二区 | 成人在线免费观看视频 | 久久精品在线免费观看 | 午夜精品一区二区在线观看 | 成人在线观看网站 | 久久精品影视 | 国内精品视频在线播放 | 狠狠干av| 中文字幕区 | 三年中国中文在线观看免费播放 | 热久久最新 | 欧美在线视频一区二区三区 | 狠狠干欧美 | 国产黄在线 | xxx日本黄色 | 久久亚洲影视 | 欧美日韩伊人 | 美日韩精品 | 91在线观看免费高清 | 在线观看欧美日韩 | 亚洲网站在线播放 | 亚洲欧美综合 | 高hnp视频| 欧美精品在线视频 | 久久男人的天堂 | 4色av | 老司机黄色片 | 91欧美在线| 精品看片| 欧美日韩在线网站 | 久色婷婷 | 成人免费毛片嘿嘿连载视频 | 日本黄色免费网址 |