Bloomberg: Chinese brands account for over one-third of plug-in vehicle sales in Europe in June
Bloomberg (Japanese version), July 23 report: In Europe, more than one-third of the plug-in vehicles sold last month were from Chinese brands.
Chinese automakers are actively expanding sales of hybrid models, positioning themselves ahead of potential tariffs in the European market.
According to data compiled by Data Force analysts, Chinese manufacturers such as BYD and Chery captured a 34% share of plug-in hybrid vehicle deliveries in June. Meanwhile, the share of Chinese-made pure electric vehicles and non-plug-in hybrids (range-extended models) is also increasing within their respective vehicle segments.
Julian Rischinger, analyst at Dataforce, said Chinese automakers (within the EU) are expanding their sales efforts in preparation for possible tariffs on plug-in hybrid vehicles. Currently, only pure electric vehicles originating from China are subject to high tariffs.
However, German newspaper Handelsblatt reported that plug-in hybrids may soon face tariffs as well. The EU has not yet clearly announced plans for additional tariffs. Rischinger stated: “By the time tariffs are implemented, Chinese companies will have already sufficiently penetrated the market and established dealer networks. If the EU attempts to break through this barrier, it would cause significant disruption to the local economy.”
In recent years, as emissions regulations have tightened, many European manufacturers have focused exclusively on pure electric vehicles, while Chinese manufacturers have advanced hybrid technology development. Due to insufficient charging infrastructure and persistently high vehicle prices, Chinese hybrid models have attracted European consumers anxious about fully electric cars.
European manufacturers such as Volkswagen (VW) are striving to keep pace with the rise of Chinese automakers. In the Chinese market, domestic brands have captured market share with affordable yet cutting-edge technology.
According to Dataforce statistics, Chinese brands accounted for 11% of total new car sales (across all vehicle types) in Europe in June, and 15% of pure electric vehicle sales. Among hybrid vehicles, plug-in models made up one-third of the market share; when including both plug-in and range-extended models combined, Chinese brands accounted for approximately one-quarter.
June’s data does not include sales figures during Sweden’s summer holiday period.
Original article: toutiao.com/article/1871475140542528/
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