ROME (ITALPRESS) – November registration data confirm the long period of stagnant demand in Europe and show the first effects of tariffs on Chinese electric car imports. In fact, according to research firm Dataforce, November was the first month in which tariffs were fully applied even on vehicles of European brands but coming from China, such as some German manufacturers (Volkswagen, Mercedes and Bmw: 20.7 percent surcharge). Another example is the former British brand MG, which for years has been owned by the Chinese company Saic, which is also the brand with the heaviest customs surcharge: +45% on the price at entry.In November, thanks in part to a customs surcharge of only 17%, BYD sold 5,252 NEV (BEV+PHEV) cars, registering a 15% growth over the previous month, surpassing the 4,910 NEV cars sold by MG.This scenario allows BYD to establish itself as the top Chinese manufacturer in Europe in terms of sales of NEV cars, confirming consumers’ high appreciation for BYD’s innovative vehicles.In addition, for BYD, European duties may end at the end of 2025, with the start of production at the plant in Hungary, the Tech Company’s first site on the Continent, which will use the supply chain of European suppliers. BYD’s 2024 is thus closing on strong growth. And 2025 will be even more relevant because of BYD’s major offensive in Europe, with a number of new models on the way. The first of these new products is the Sealion 7, recently unveiled in major European countries and BYD’s authentic Technological Manifesto. Along with the European debut of new models, there will be a strong acceleration on the expansion of BYD’s sales and service network in Europe, aiming to exceed 500 points by 2025.
– Byd press office photo –
(ITALPRESS).
