Chinese automakers have made breakthrough progress in the European electric vehicle market.
On December 31, it was reported that despite facing tariff pressures from the European Union, Chinese car companies have maintained strong momentum in expanding their presence in the European market this year. According to research firm Dataforce, in November, the market share of Chinese brands in the European electric vehicle market reached a record 12.8%.
The data also shows that in the rapidly growing hybrid vehicle sector, the market share of Chinese brands has exceeded 13%, covering the EU, European Free Trade Association countries, and the UK market. This achievement marks a comprehensive breakthrough for Chinese car companies in the European electrification market.
Reports indicate that Chinese car companies are primarily absorbing the additional tariffs imposed by the EU on Chinese-made electric vehicles set to take effect at the end of 2024, while shifting their focus to areas not affected by the new tariffs, such as hybrid models and non-EU markets like the UK. This strategy effectively mitigates the impact of trade barriers.
<h2>Multi-brand Collaboration in the European Market</h2>
Led by BYD and SAIC Motor, Chinese automakers, along with newcomers like CHERY AUTO and Zhejiang Leapmotor Technology, have intensified their efforts to explore the European market this year.
According to independent data from Jato Dynamics, as of October, Leapmotor's electric vehicle sales in Europe surged by over 4,000%.
This growth is attributed to its joint venture support with Peugeot, Fiat, and Opel's parent company Stellantis NV.
At the same time, data shows that the electric vehicle sales of Omoda, a brand under CHERY, increased by 1,100% during the same period.
In the face of tariff pressures, Chinese car companies have largely absorbed the additional costs imposed by the EU on Chinese-made electric vehicles while actively entering areas not affected by the new tariffs.
Reports indicate that hybrid models and non-EU markets like the UK have become key breakthrough directions, and this strategy has helped Chinese brands continue to expand their market share under trade barriers.
In response to the offensive from Chinese car companies in the electrification sector, European domestic automakers are striving to catch up while lobbying to relax regulations on phasing out traditional fuel vehicles.
EU officials have proposed abandoning the plan to ban the sale of new fuel vehicles by 2035. This is the latest measure to protect this crucial industry on the European continent from the chaotic energy transition, reflecting the pressure faced by the European automotive industry in the electrification transformation

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Data shows that in November, the market share of Chinese brands in the European electric vehicle market reached a record 12.8%, with a share of over 13% in the hybrid vehicle sector. Despite facing tariff pressures, brands such as BYD, SAIC, CHERY, and LEAPMOTOR have successfully mitigated the impact of trade barriers by absorbing tariff costs, focusing on hybrid models, and targeting non-EU markets like the UK. Among them, LEAPMOTOR's sales surged over 4000%, while CHERY grew by 1100%

- Chinese car manufacturers have made significant progress in the European electric vehicle market, achieving a record market share of 12.8% as of November.  
- They have adapted by shifting focus to hybrid vehicles and non-EU markets, effectively mitigating the impact of upcoming EU tariffs on Chinese-made electric cars.  
- As local European manufacturers strive to keep up, EU officials have proposed easing regulations on phasing out traditional fuel vehicles to protect the industry from the pressures of the electric transition.

Wallstreetcn

SAIC Motor

CHERY AUTO

BYD Company Limited

BYD Company

BYD COMPANY

LEAPMOTOR

Chinese electric vehicles are selling explosively in Europe, with market share reaching a historic high!