Chinese EVs grab 11pc of EU share

AutoExec Summary
In June, Chinese brands captured 11% of the European electric vehicle market, marking a record 23,000 registrations. This surge came as manufacturers rushed to beat new EU tariffs effective from July 5. SAIC Motor, with its MG 4, led the increase, contributing to a 72% rise in registrations from May. However, future gains may be challenged by additional tariffs: 38% for SAIC Motor and 17% for BYD, plus a 10% customs duty. Meanwhile, Italy’s new incentives doubled electric vehicle uptake, making it a top market in Europe. June saw 208,872 electric vehicle registrations across the region.

Brands mentioned: SAIC Motor, MG, BYD, Chery, Dongfeng, Geely, GWM, Leapmotor, Nio, Xpeng, Stellantis