China's electric vehicle (EV) industry is experiencing significant growth, with sales of China-made EVs in Europe increasing by 23% over the first four months of the year. This expansion is driven by the production of small and affordable EVs, supported by government subsidies. Despite a temporary decline in pure electric vehicle exports in May due to disruptions from the Red Sea shipping issue, China's auto exports maintain strong growth momentum. European governments, while wary of budget Chinese EVs, are competing to attract Chinese automakers with incentives, even as the EU considers tariffs on these imports. The Chinese Auto Industry Association (CPCA) reports that China sold 1.72 million passenger cars in May, a 2.2% year-on-year decrease, and highlights the ongoing price war involving 56 EV models in the first five months of 2024, compared to 70 models in 2023. BYD and Tesla lead China's new energy vehicle exports and wholesale sales in May. Chinese enterprises remain committed to developing and integrating into European markets, aiming to build an industrial chain to promote new energy development in Europe. Additionally, a state-owned automaker's boss has called for fairer treatment for conventional cars.
Chinese automakers committed to Europe despite EV tariff probe, industry group says https://t.co/MqyhTGOVJP https://t.co/KZsAZPzFBr
$TSLA China's CPCA: BYD And Tesla Lead China's New Energy Vehicle Exports And Wholesale Sales In May
The biggest automotive news in China this week: - Europe and U.S. fearful of China’s electric cars, says BYD founder - State-owned automaker’s boss calls for fairer treatment for conventional cars - Autonomous driving testing gets another green light https://t.co/dvCPN6ogTv
⚠️ CHINESE AUTO INDUSTRY ASSOCIATION CPCA: **CHINA WILL BUILD ITS OWN INDUSTRIAL CHAIN IN EUROPE TO HELP PROMOTE THE NEW ENERGY DEVELOPMENT IN EUROPE **CHINA’S ELECTRIC VEHICLE DEVELOPMENT IS UNDER PRESSURE FROM A TEMPORARY ADJUSTMENT AMID THE EU’S ANTI-SUBSIDY PROBE INTO…
European nations compete for Chinese EV factories, jobs even as EU weighs tariffs https://t.co/TNHqyJnWaR via @ETEnergyWorld
⚠️ CHINESE AUTO INDUSTRY ASSOCIATION CPCA: **CHINESE ENTERPRISES WILL CONTINUE TO UNSWERVINGLY DEVELOP IN EUROPE AND INTEGRATE INTO LOCAL MARKETS **CHINA WILL BUILD ITS OWN INDUSTRIAL CHAIN IN EUROPE TO HELP PROMOTE THE NEW ENERGY DEVELOPMENT IN EUROPE
⚠️ CHINESE AUTO INDUSTRY ASSOCIATION CPCA: **THE ELECTRIC VEHICLE PRICE WAR HAS ROPED IN 56 MODELS IN JANUARY-MAY, COMPARED WITH 70 EV MODELS IN 2023 **THE PRICE WAR IS SEEN STABILISING AFTER MAY
CHINESE AUTO INDUSTRY ASSOCIATION CPCA: THE ELECTRIC VEHICLE PRICE WAR HAS ROPED IN 56 MODELS IN JANUARY-MAY, COMPARED WITH 70 EV MODELS IN 2023
CHINESE AUTO INDUSTRY ASSOCIATION CPCA: CHINA’S AUTO EXPORTS STILL HAVE STRONG GROWTH MOMENTUM DESPITE DISRUPTIONS IN THE EUROPEAN MARKETS
CHINESE AUTO INDUSTRY ASSOCIATION CPCA: CHINA’S PURE ELECTRIC VEHICLE EXPORTS SAW TEMPORARY DECLINE IN MAY DUE TO DISRUPTIONS FROM RED SEA SHIPPING ISSUE AND OTHER FACTORS
⚠️ CHINESE AUTO INDUSTRY ASSOCIATION CPCA: CHINA’S PURE ELECTRIC VEHICLE EXPORTS SAW TEMPORARY DECLINE IN MAY DUE TO DISRUPTIONS FROM RED SEA SHIPPING ISSUE AND OTHER FACTORS
CHINA AUTO INDUSTRY BODY CPCA: CHINA SOLD 1.72 MLN PASSENGER CARS IN MAY, DOWN 2.2% Y/Y
While the European Union investigates China's auto subsidies and considers tariffs on imports, national governments across bloc are dangling their own incentives to attract Chinese automakers looking to build European factories. At least the smart ones... https://t.co/8k1lwrUhsB
European nations compete for Chinese EV factories, jobs even as EU weighs tariffs - Reuters https://t.co/Rl57nXAFin
European governments may be wary of budget Chinese electric vehicles flooding their markets but they're also fiercely competing for a share of the manufacturing investment and jobs the new competitors bring https://t.co/j3T29Wmbut
CHINA’S EV MAKERS RETURN TO FAST LANE HELPED BY GOVERNMENT SUBSIDIES TAILWIND-SCMP
China is dominating the EV market — and that means trouble no matter how Canada responds, @aballinga reports. https://t.co/LxqWhD4UeP #cdnpoli Find out more at https://t.co/xofn4ZJv7R https://t.co/0BfltvF519
China is dominating the EV market — and that means trouble no matter how Canada responds https://t.co/I6EFnuT0fY
Is China’s electric-vehicle industry a threat to the U.S., or something to learn from? https://t.co/1imD5VXOGD
Sales of China-made EVs in Europe went up by 23% over the first four months of the year China is churning out a growing number of small and cheap EVs while U.S. & European automakers struggle with weaker demand. https://t.co/jorirz6g23 #energy #EnergyTransition #ClimateActionNow… https://t.co/vJjJXYv2Qw