Chinese car manufacturers secured a record 12.8% of Europe’s electric vehicle market in November despite new EU tariffs. They also reached 13% in hybrid sales across the EU, EFTA, and UK, led by BYD and SAIC Motor, per Dataforce data reported by Bloomberg.
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Chinese brands hit 12.8% EV market share in Europe in November 2024.
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Hybrid sales exceeded 13% in EU, EFTA, and UK markets.
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Newer entrants like Chery and Leapmotor drove explosive growth, with Leapmotor up over 4,000% through October per Jato Dynamics.
Chinese EVs captured 12.8% Europe market share in Nov despite tariffs. BYD leads expansion. Discover strategies and growth amid trade tensions. Stay informed on EV shifts.
What is the Market Share of Chinese EVs in Europe?
Chinese EVs achieved a record 12.8% market share in Europe’s electric vehicle sales in November 2024, according to Dataforce data reported by Bloomberg. This milestone occurred despite new tariffs imposed by the European Union. Chinese brands also surpassed 13% in hybrid vehicle sales across the EU, EFTA countries, and the UK, with leaders like BYD and SAIC Motor dominating.
How Are Chinese Carmakers Expanding in Europe Despite Tariffs?
Overcapacity in China’s domestic market, coupled with intense price wars, has pushed manufacturers to export aggressively. Chinese firms absorbed EU tariffs on EVs introduced late 2024 by focusing on hybrids and non-EU markets like the UK. Leaders such as BYD and SAIC, alongside rising players Chery Automobile and Zhejiang Leapmotor Technology, are gaining traction through strategic partnerships and local production.
Frequently Asked Questions
What is BYD’s Strategy for Europe?
BYD is establishing local factories, starting with Hungary where machinery installation ends this year and production ramps up in Q2 2026. Executive VP Stella Li stated it builds brand trust and mitigates tariffs. Additional sites in Brazil, Turkey, and possibly Spain are planned, per reports from Cryptopolitan.
Which Newer Chinese Brands Are Growing Fastest in Europe?
Leapmotor saw EV sales surge over 4,000% through October via a Stellantis partnership, according to Jato Dynamics. Chery’s Omoda brand jumped 1,100% in the same period. These gains reflect partnerships with European firms like Stellantis, owners of Peugeot, Fiat, and Opel.
Key Takeaways
- Record Market Penetration: Chinese EVs hit 12.8% in Europe despite tariffs, signaling resilience.
- Local Production Push: BYD’s Hungary plant prepares for full output in 2026, reducing tariff impacts.
- Hybrid Focus: 13% hybrid share shows diversification; monitor EU policy shifts on 2035 combustion bans.
Conclusion
Chinese EV market share in Europe reached new highs at 12.8% in November 2024, driven by BYD’s local factories and explosive growth from Leapmotor and Chery. Despite EU tariffs, strategic expansions and hybrid shifts sustain momentum. As European automakers lobby for policy changes, Chinese penetration in Chinese EVs in Europe will likely intensify, offering investors key opportunities in the evolving automotive landscape.
BYD’s Aggressive European Expansion
BYD is intensifying its European presence by constructing local assembly plants. The company plans to install machinery at its Hungary facility by year-end, with test production in Q1 2026 and full operations in Q2. Stella Li, BYD’s executive vice president, emphasized to reporters in Zhengzhou that initial higher costs are offset by long-term brand trust and tariff evasion.
Complementing Hungary, BYD operates a Thailand plant shipping to Europe since August and develops sites in Brazil and Turkey. CEO Wang Chuanfu dispatched R&D teams to Europe, Latin America, and the Middle East to tailor vehicles. In October, BYD outsold Tesla over fourfold in Germany and sevenfold in the UK, based on government and trade data.
Impact of Tariffs and Market Adaptation
EU tariffs on Chinese-made EVs, effective late 2024, have been largely absorbed by manufacturers. They pivoted to untariffed hybrids and UK sales. Stella Li noted future cost reductions from local production and eyed Spain for additional plants. “We’ll ramp up Hungary first, then Brazil and Turkey,” she said, keeping further plans flexible.
Rise of Emerging Chinese Players
Leapmotor’s sales skyrocketed 4,000% through October, boosted by Stellantis collaboration. Chery’s Omoda brand grew 1,100%. European incumbents face pressure, lobbying to relax 2035 combustion engine bans amid energy transition challenges.
China’s manufacturing glut fuels this outbound strategy. Domestic price wars leave excess capacity, compelling sales abroad. Dataforce highlights BYD and SAIC’s lead, with newcomers accelerating overall penetration. Industry observers note this reshapes Europe’s EV and hybrid sectors, prompting protective measures from Brussels.
Source: https://en.coinotag.com/chinese-carmakers-led-by-byd-hit-record-12-8-ev-share-in-europe-despite-tariffs
