Chinese electric vehicles continue to export steadily to Europe, with a year-on-year growth of over one-fifth from January to April.
On Tuesday, data from Schmidt Automotive Research showed that from January to April this year, the number of Chinese-made electric vehicles registered in Europe, including the UK, increased by 23% year-on-year, reaching a total of 119,300 vehicles, accounting for about one-fifth of the import volume in that region.
Matthias Schmidt, founder of Schmidt Automotive, stated that car manufacturers continue to produce cars in China because it is currently the best way to profit from electric vehicles.
In the first four months, Western and Japanese brands such as Tesla, Volkswagen, and Honda accounted for 54% of the registered Chinese-made electric vehicles, while the remaining market share was held by MG and BYD Chinese brands.
Against the backdrop of lower costs for Chinese-made electric vehicles, including Western brands like Tesla and Renault have shifted their production bases to China and then exported to Europe. For example, UBS analysts estimated last year that BYD's costs are about 25% lower than traditional car manufacturers.
It is worth mentioning that besides concerns from Western car manufacturers relying on the Chinese market, the importance of China as a manufacturing center and a lucrative source of profit has prompted several automotive executives to warn the US and Europe against raising global import tariffs on electric vehicles from China.
According to Global Times, the Governor of Lower Saxony, Germany, explicitly opposed the EU imposing punitive tariffs on Chinese cars during his visit to China

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Among them, Chinese brands such as BYD account for about half of the exported cars in the European market

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In the first 4 months of this year, Chinese electric car exports to Europe increased by 23%