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Volkswagen:Competition From China EVs: Difference between revisions
Volkswagen:Competition From China EVs (view source)
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* According to reports, several Chinese EVs are stuck in European ports due to lack of sell networks and trucks to transport them to dealerships. According to someone familiar with the matter, most trucks have been reserved for the likes of Trucks. The Financial Times reported in April 2024 that some Chinese EVs were staying in the ports for more than 18 months<ref>https://www.ft.com/content/496f3bfa-9f0c-4145-9024-188572a280fd</ref>. In March 2024, BYD Europe CEO Michael Shu confirmed to Automotive News Europe that sales channels in Europe are complex. "We need to increase our sales, which will take time because we have to properly understand how to leverage the different sale channels. There are channels for private buyers, fleets, leasing companies and rental car firms to take into consideration. It is a very complex fusion," he said<ref>https://www.autonews.com/china/how-byd-aims-become-top-ev-player-europe</ref>. | * According to reports, several Chinese EVs are stuck in European ports due to lack of sell networks and trucks to transport them to dealerships. According to someone familiar with the matter, most trucks have been reserved for the likes of Trucks. The Financial Times reported in April 2024 that some Chinese EVs were staying in the ports for more than 18 months<ref>https://www.ft.com/content/496f3bfa-9f0c-4145-9024-188572a280fd</ref>. In March 2024, BYD Europe CEO Michael Shu confirmed to Automotive News Europe that sales channels in Europe are complex. "We need to increase our sales, which will take time because we have to properly understand how to leverage the different sale channels. There are channels for private buyers, fleets, leasing companies and rental car firms to take into consideration. It is a very complex fusion," he said<ref>https://www.autonews.com/china/how-byd-aims-become-top-ev-player-europe</ref>. | ||
* As such, the likes of BYD have to open up dealerships if they are to avoid such a situation where their cars pile up at the ports. Already, BYD is making progress. On August 2024, it took over its distributor in Germany, Heden Electric Mobility. The distributor has been importing vehicles and spare parts for BYD for over two years. BYD will also take over two flagship shops in Stuttgart and Frankfurt<ref>https://electrek.co/2024/08/30/byds-bold-move-germany-could-spell-big-trouble-volkswagen/</ref>. | |||
=== EU Tariffs === | === EU Tariffs === | ||