Chinese Carmakers Win Record 11% Share of European Electric Vehicle Market

Elvis Dunderhoff July 31, 2024

The EU is by its basic nature a neoliberal globalist institution.

But the Chinese are competing too hard, so now they’re going all-in on protectionism.

People want the Chinese cars, so they’re buying them up before this lunatic 25% tariff gets put on them.

The Guardian:

Chinese carmakers secured a record 11% of the European electric vehicle market in June, as buyers raced to beat EU tariffs on imported EVs that came into force this month.

The figures, which include the UK, show that about 23,000 battery electric vehicles were registered in June, up 72% on the previous month as consumers raced to beat the price hike in the EU.

According to data analysis by Dataforce, the Chinese state-owned SAIC, parent of the British brand MG, was responsible for the biggest jump but 40% of the imports were registered by dealers rather than drivers themselves, another sign of a pre-tariff sales rush.

SAIC, owner of British brand MG, sold just under 13,400 electric cars in June.

It comes as fresh customs data from Beijing shows the EU and UK took nearly half all China’s exports of electric cars in the first six months of the year by value.

Data analysed by the Chinese trade specialist website Soapbox showed the UK took 12%, while the EU took 36%, compared with just 1% in the US, which slapped 100% tariffs on imports earlier this year.

Brazil and Australia were the third equal most important markets at 7% each of all sales, followed by Thailand, UAE and South Korea at 4% each and Israel at 3%.

The US government is the inventor of globalism, and they tariff and ban all kinds of imports from Chinese companies – after it was their idea to make China the center of global production.

So now you don’t have the jobs anymore. They shipped the jobs to China. But you also don’t have the cheap products from China. Because they changed their mind about Chinese people.

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