As hefty tariffs come into play, Chinese EV makers have been trying to shift as much as they can, while they can
Chinese automakers flooded the Europe an market with EVs in June to avoid new tariffs.
’s MG and BYD achieved record sales in Europe before hefty EU duties took effect. Despite new EU tariffs, Chinese EV makers saw a surge in market share and registrations. With harsh tariffs for Chinese automakers coming into place last month, with levies of up to 38 percent slapped on battery electric vehicles, the challenge for the eastern brands was to sell as much as they could.
, the owner of MG, was one of the most prolific receivers of state financial aid, with the commission slapping them with the most prominent duties: a whopping 38.1 percent in addition to an extra 10 percent added to all imported EVs. Evidently keen to make hay while the sun shone, recorded the greatest jump in imports. Data from JATO Dynamics reveal that 13,366 MGs were registered in June. However, according to a report from Bloomberg, 40 percent of MG4s registered in June were self-registrations by dealers. BYD, who recorded sales of just under 4,000 units across Europe in June, will be hit by an extra 17 percent duty.
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