2024-06-18 15:01:27

Rise of Chinese Electric Cars in Germany Amid Possible E-car Tariffs

Image used under license from Shutterstock.com

The surge in Chinese electric car imports to Germany, tripling in quantity and value compared to the previous year, highlights a significant trend. This increase poses a challenge for German manufacturers producing in China for the German market if EU tariffs are imposed.

Despite declining overall demand in 2024, Chinese electric cars have gained a notable presence in the German market. China's BYD is aggressively entering the European market, challenging Tesla's dominance despite the looming threat of EU tariffs.

The EU-China trade dynamics, involving electric vehicles and pork imports, reflect a complex situation with potential repercussions for both parties.

heise online
18. Juni 2024 um 10:13

Background possible E-car tariffs: China triples German sales | heise autos

Politics
Economy
The imports of Chinese electric cars to Germany have tripled compared to the previous year, both in quantity and value. A possible protectionist EU tariff would also affect German manufacturers who produce in China for the German market. The number of Chinese electric cars on the German market increased significantly despite declining demand in 2024.
heise online
18. Juni 2024 um 10:13

Background possible E-car tariffs: China triples German sales | heise autos

Politics
Economy
The imports of Chinese electric cars to Germany have tripled compared to the previous year, both in quantity and value. A possible protectionist EU tariff would also affect German manufacturers who produce in China for the German market. The number of Chinese electric cars on the German market increased significantly despite declining demand in 2024.
Tagesschau - Wirtschaft und Börsen-Nachrichten
18. Juni 2024 um 11:13

German Trade with Asia Already 40 Percent of Electric Car Imports from China

Politics
Economy
China has further strengthened its position as the main importer of electric cars in Germany, even though the absolute numbers have decreased. From January to April, 31,500 electric cars were imported from China, accounting for 40.9 percent of total imports. The EU Commission is threatening high tariffs on Chinese electric cars to offset distortions of competition caused by state subsidies.
The Guardian
18. Juni 2024 um 04:00

BYD: China’s electric vehicle powerhouse charges into Europe

Economy
Technology
Politics
China's electric vehicle powerhouse, BYD, is making a strong push into Europe to challenge Tesla's dominance in the market. Despite the threat of EU tariffs, experts believe that BYD's expansion will not be slowed down. The company's founder, Wang Chuanfu, sees the tariffs as a sign of China's growing strength in the car industry.
CW

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