Chinese carmakers represent 8.5% of the European BEV market in the first quarter of 2024
- While Chinese carmakers represent only 2.5% of the European light vehicles market (passenger cars and light utility vehicles), all motorisations combined, over the first four months of 2024 (27 European Union countries + United Kingdom + Switzerland + Norway), they already represent 8,5% of the European battery electric vehicles market (BEV) over the same period. They have in fact registered just over 50,000 BEVs out of 594,000 BEVs between January and April 2024.
- This situation demonstrates that Chinese carmakers have mainly entered in Europe thanks to their battery electric models, and this sales volume does not take into account European models imported from China, such as the Smart or the Dacia Spring. If we include these three models, the market share of BEVs imported from China increases to 11% over the first four months of 2024.
- If we also include the BMW iX3 and Tesla Model 3 imported from China which are not assembled in factories owned by Chinese carmakers, the market share of BEVs imported from China rises to 17%.
- What are the best-selling Chinese BEV brands in Europe in the first quarter of 2024?
- The MG brand (belonging to the SAIC group) is in the clearly taking the lead as it sold 27,000 BEV over the period, or 54% of all Chinese brands, i.e. more than half.
- In second position, BYD registered 10,000 BEV sales, a strong growth compared to the first four months of 2023 (i.e. 20% of all Chinese brands).
- In third position, Polestar (6,500 sales, or 13% of all Chinese brands).
- The other Chinese brands represent 6,500 sales or 13% of all Chinese brands.