Exports of Chinese-branded electric vehicles to the EU surged in September
发布日期：2024-10-28
According to customs data, Chinese auto brands exported 60,517 electric vehicles to the 27-nation European Union in September, up 61 percent from a year earlier and the second-highest level on record.
The last export peak was in October 2023 (67,000 units), when the European Union officially announced an anti-subsidy investigation into Chinese-made electric vehicles.
On Oct. 4, European Union member states voted to impose additional import duties of up to 35 percent on Chinese-made electric cars, with 10 countries including France, Italy and Poland backing the measure. While China and the EU are still negotiating an alternative solution to the tariffs, they are expected to take effect by the end of October.
A surge in exports of Chinese-branded electric vehicles in September suggests that Chinese electric car makers want to avoid upcoming tariffs. However, even if the tariffs go into effect by then, they are not expected to stop Chinese carmakers from making inroads into the European market. Chinese cars typically sell for more abroad than they do at home, but less than local European carmakers.
In order to avoid the impact of tariffs, some car companies have begun to seek to localize production in Europe. Byd plans to build cars in Hungary and Turkey, while Xopeng Motor and Geely premium electric car brand Polkrypton, among others, have also said they are considering localizing production. (Article source: China Economic Net)
The last export peak was in October 2023 (67,000 units), when the European Union officially announced an anti-subsidy investigation into Chinese-made electric vehicles.
On Oct. 4, European Union member states voted to impose additional import duties of up to 35 percent on Chinese-made electric cars, with 10 countries including France, Italy and Poland backing the measure. While China and the EU are still negotiating an alternative solution to the tariffs, they are expected to take effect by the end of October.
A surge in exports of Chinese-branded electric vehicles in September suggests that Chinese electric car makers want to avoid upcoming tariffs. However, even if the tariffs go into effect by then, they are not expected to stop Chinese carmakers from making inroads into the European market. Chinese cars typically sell for more abroad than they do at home, but less than local European carmakers.
In order to avoid the impact of tariffs, some car companies have begun to seek to localize production in Europe. Byd plans to build cars in Hungary and Turkey, while Xopeng Motor and Geely premium electric car brand Polkrypton, among others, have also said they are considering localizing production. (Article source: China Economic Net)
