. @BYDCompany delivered the most Chinese-brand BEV pure electric passenger cars across Western Europe during August, surpassing SAIC's MG brand for the first time, according to Schmidt Automotive Research's monthly European Electric Car Study data.
Chinese new passenger car brands saw their share of the W-European new BEV passenger car market fall to just 8.3% of the total regional BEV market during August, according to the latest research of the European Electric Car Study published by #SchmidtAutomotiveResearch each month
After nine months this year, ๐ฌ๐ง is within 6,500 units of becoming ๐ช๐บ's largest BEV market, according to Schmidt Automotive Research using industry data.
The introduction of the ZEV mandate has boosted UK BEV volumes.
During the same time last year it trailed ๐ฉ๐ช by 149K units.
Chinese passenger car brands fell at a far faster rate than an already sluggish total regional W-European car market in August...
But why?
We provide the data, the narrative behind the data, and the answers each month/quarter in our exclusive studies:
https://t.co/HxrW2YLddV
The UK government (new/old), as well as commentators and enthusiasts falling over themselves with a 2035/30 populist @BorisJohnson ICE phase-out policy... that never was, is getting very farcical; it's not far off from turning into a #montypython sketch.
Thinking dead ๐ฆsketch
It was just a rumour that @NIOGlobal, which registered fewer than one thousand models across Europe during the opening seven months of 2024, was prepared to take over @AudiOfficial's Brussels facility. Who would have guessed?
Published: Quarterly China OEM Passenger Car Study focusing on Chinese OEMs' progress across Western Europe ๐จ๐ณ / ๐ช๐บ inc. ๐ฌ๐ง
Avaiable here (โฌ)
https://t.co/5sUzI32QdZ
A really interesting @EUconfidential podcast last week on artificial lab meat being a threat to the agricultural industry. From an automotive perspective the transition to incorporating more vegan and alternative material interiors is also worth a look at.
As covered in our latest H1 Study (โฌ) our belief that #Chinese OEMs may add more focus distributing BEV models to non-EU European markets, post the provisional implementation of additional import tariffs, #BYDโs Explorer One vessel docks in the U.K. for first time. ๐ฌ๐ง๐โด๏ธ๐๐จ๐ณ
@ChristianJog@volvocars Yeah, SEA 1 and SEA 2 are helping through commonality and purchasing costs. They also have licensed it to an outside party, a Polish EV start-up company. The intelligent cost-cutting exercises from the EX30, such as stripping out a great deal of wiring, speakers, etc., help!
.@VolvoCars approaching ICE on gross margins, covered in the current H1 European Electric Car Study
Made in China #EX30 contributor along with material cost savings + raw material price falls
Volvo to stop supplying granular breakdown Q3
Source: OEM/Schmidt Automotive Research
Our latest H1 2024 European Electic Car Study
We cover why the Chinese double-digit share of the new BEV market was likely down to an inventory dump special effect.
Taiwinds ahead for Sino OEMs / partially off-set higher tariffs... among other things
https://t.co/CjnqSpYZit
From our latest monthly market intelligence study (โฌ) published later this week, #Geely are the main winners across W-Europe when it comes to new BEV passenger car registrations on a three-month trailing basis
All background info in the full study...
https://t.co/HxrW2YKFon
Almost every fourth BEV delivered across Western Europe this year was imported from China, according to our data published in our monthly in-depth European Electric Car Study (โฌ).
https://t.co/mZuBQdjKQE