South Korean media: China's hybrid vehicle exports to the EU surged by 892% in January and February this year! On April 2, South Korean media "Business Post" published an article stating that statistics show that since the beginning of this year, China's plug-in hybrid electric vehicles (PHEVs) exports to the EU have increased nearly 10 times compared to last year. Last October, the EU imposed tariffs on Chinese battery electric vehicles (BEVs), but there are speculations that plug-in hybrid electric vehicles with a sharp increase in imports may also be subject to tariffs. From January to February this year, China exported 25,903 hybrid vehicles to the EU's 27 countries. China's hybrid vehicle exports to Europe increased by 892% compared to the same period in 2023. In terms of value, it is estimated to be $501.6 million, an increase of 561% year-on-year. On the other hand, the import volume of pure electric vehicles has decreased by about one-third. Analysts said that the sharp increase in hybrid vehicle exports was due to their exclusion from the tariff increase. In October last year, the European Commission imposed import duties of up to 45.3% on complete vehicles from Chinese companies such as BYD. It is explained that since hybrid vehicles are not affected by tariffs, they can maintain price competitiveness in the European market. There is also analysis suggesting that Chinese electric vehicle exporters significantly increased exports before October last year to cope with EU tariffs, resulting in a larger decline in exports this year. Cui Dongshu, secretary general of the China Passenger Car Market Information Association, said, "If this trend continues, hybrid vehicles may also be subject to tariffs." Original article: https://www.toutiao.com/article/1828293007142915/ Disclaimer: This article only represents the author's personal views.