Chinese carmakers occupy 5% of the Norwegian market
- Chinese carmakers now occupy 5% of the Norwegian market and 2% of the UK market. Norway and the United Kingdom, countries outside the European Union, are the countries, with Italy, located in Europe with the highest rate of sales of Chinese cars in 2021. In the European Union, sales of Chinese cars n 'do not reach 1% of the passenger car market, but they already reach 2.7% in Sweden and 1.5% in the Netherlands.
- In the first 10 months of 2021, Chinese car sales represented 65,203 units compared to 27,664 over the same period of 2020, which shows a growth of 135% year on year. Over the year as a whole, they could represent 80,000 units.
- This growth in Europe contrasts with that observed in the United States where Chinese carmakers are unable to increase their sales, which remain extremely low.
- Sales in Europe are made by around ten different brands mainly targeting the category of 100% electric cars (BEVs) and to a lesser extent that of rechargeable hybrids (PHEVs).
- The goal of Chinese brands is to increase the number of their sales on the European continent, which seems receptive to new Chinese electric cars that are cheaper than their European counterparts.
- It is difficult to predict the market share of Chinese carmakers in Europe in five or ten years, but Inovev believes that these carmakers will experience slow but real growth in ten years, with a market share of around 5% of the European market in 2030, or nearly one million sales.
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