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Volkswagen:Competition From China EVs: Difference between revisions
Volkswagen:Competition From China EVs (view source)
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* Semafor estimates<ref>https://www.semafor.com/article/06/04/2024/europe-china-electric-vehicles-byd-imports</ref> that the value of European EV imports rose by 42% year-over-year in 2023 to $13.5 billion. | * Semafor estimates<ref>https://www.semafor.com/article/06/04/2024/europe-china-electric-vehicles-byd-imports</ref> that the value of European EV imports rose by 42% year-over-year in 2023 to $13.5 billion. | ||
* According to estimates<ref>https://www.transportenvironment.org/articles/how-europe-can-use-tariffs-as-part-of-an-industrial-strategy/</ref> by Transport and Environment (T&E) which used data from the European Economic Area (EEA) and Dataforce, around 19.5% or 300,000 of all EV | * According to estimates<ref>https://www.transportenvironment.org/articles/how-europe-can-use-tariffs-as-part-of-an-industrial-strategy/</ref> by Transport and Environment (T&E) which used data from the European Economic Area (EEA) and Dataforce, around 19.5% or 300,000 of all EV in Europe in 2023 came from China. Tesla, MG (owned by SAIC Motor) and Dacia (owned by Renault) were the main exporters of EVs to Europe in 2023, accounting for 5.5%, 4.9% and 3.9%, respectively. Deliveries by BYD accounted for 0.9% or 14,000 of all EVs imports in 2023. BYD wants to grow its share of EVs to 5% by 2026. That would be around 70,000 units based on 2023 EV sales in Europe in 2023<ref>https://europe.autonews.com/automakers/how-byd-aims-become-top-ev-player-europe</ref>. T&E estimates that the share of EVs by Chinese-owned brands could rise to 14.3% in 2025 from 7.9% in 2023. | ||
[[File:Semafor China EV imports.png|left|thumb|768x768px]] | [[File:Semafor China EV imports.png|left|thumb|768x768px]] | ||
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== Profitability of Chinese EV Makers == | == Profitability of Chinese EV Makers == | ||