Car stuff (public account: chedongxi)
Author | SR64
Editor | Zhihao
According to foreign media insideevs, according to the latest European electric vehicle sales data, the sales of electric vehicles made in China have accounted for 18.5% of the European electric vehicle market.
Sales of Chinese-made BEVs in Europe rose 25% year-on-year to nearly 28,000 units in May, accounting for 18.5% of the EV segment, according to data reported by Jato Dynamics.
The report also noted that total new car sales in May fell 2.5% year-on-year to 1087699 units in the 28 European markets it monitors. The NEV segment decreased by approximately 9.5% y/y to 226665 units. This includes 151237 BEV sales, down 11% year-over-year.
The 25% increase is a sign of the rapid expansion of Chinese-made BEVs compared to an 11% decline in BEV sales overall.
1. Tesla's sales in Europe are declining, and electric vehicles are expanding in China
According to Jato Dynamics, the Tesla Model 3 and Volvo EX30, all-electric vehicles made in China, made it into the top five in terms of sales, and the MG MG4 also made it into the top 10.
And the Tesla Model Y produced in Europe fell sharply by 46% year-on-year. According to another report by Dataforce, the entire Tesla brand fell by 37%. However, the refreshed Model 3 grew by 25 percent.
One of the biggest winners in the first half of the year was the Chinese-made Volvo EX30, although it will be produced in Belgium from 2025.
Volvo EX30
Second, the rise of China's electric vehicles challenges the global auto market
As more and more inexpensive and technologically advanced Chinese electric vehicles are introduced, established manufacturers such as Ford, General Motors, Volkswagen and even Tesla are beginning to be threatened by Chinese auto companies.
According to a new report by consulting firm AlixPartners, Chinese automakers will account for 33% of the global car market by 2030, meaning that about one out of every three cars sold in 2030 will come from a Chinese brand.
Chinese electric vehicles waiting to be exported
So what is it that gives Chinese automakers such an advantage?
First, China has spent at least a decade investing heavily in the electric vehicle industry and its related industries, from battery manufacturing to lithium refining to mining. This puts Chinese automakers far ahead of their competitors in terms of both EV cost and technology.
In the U.S., EV prices remain high because, with the exception of Tesla, no other manufacturer has reached the capacity to produce economies of scale.
But according to AlixPartners, Chinese brands enjoy a 35% cost advantage over other manufacturers due to intensive vertical integration in areas such as batteries.
In addition, China's traditional and new car companies are updating their automotive software more frequently and adding new features. Foreign old-school automakers are trying to catch up in this regard, but progress is slow.
Conclusion: China's electric vehicles are changing the global automotive industry
With the rapid expansion and technological innovation of Chinese automakers in the field of electric vehicles, the global automotive market landscape is undergoing a profound change.
Chinese brands have not only achieved significant growth in the domestic market, but are also gradually showing their competitiveness in the international market. Through continuous investment and innovation, Chinese automotive companies are gradually changing the map of the global automotive industry.
Looking ahead, Chinese automakers are expected to continue to expand their share of the global market, not only to challenge traditional automakers, but also to drive the industry as a whole.