![]() Hours Unavailable View Dealer Website Loan Application 91 US Highway 46 W, Lodi, NJ 07644 Get Directions Contact Us Email Text 0 / 1000 Send Email This loan application is provided by Auto Credit Express. Source: BYD EuropeĪnd, with a massive scaling cost benefit thanks to its booming domestic BEV market, Chinese BEV manufacturers are likely to find themselves with an initial price advantage over their European peers. EUROPEAN AUTO EXPO Shop 77 vehicles for sale starting at 7,777 from EUROPEAN AUTO EXPO, a trusted dealership in Lodi, NJ. According to a spokesperson for SAIC’s MG who spoke to Schmidt Automotive Research, the shutdown headwinds are no longer impacting production and the second half of the year is expected to see much smoother sailing. ![]() The second half of the year will also see Chinese OEMs begin to distance themselves from the COVID-19 shutdowns which plagued many local manufacturers earlier this year. Meanwhile, brands such as BYD, Great Wall Motors, and Wey are looking to increase their own presence during the second half of the year. ![]() Of the 37,000 Chinese BEV brands delivering into West Europe during the opening seven months of 2020, MG and Polestar accounted for 33,300. To further highlight the increasing importance of the Chinese automotive sector, another 100,000 BEVs have arrived from China in West Europe over the first seven months of the year, but these are bearing Western badges from companies such as Tesla (its Model Y and 3 EVs), Dacia (Spring), and BMW (iX3).Īlmost 20 Chinese automotive brands make up the 94,900 vehicles that have already arrived in West Europe, led by SAIC’s MG and Geely’s Polestar – though the latter can equally be said to be from China or Sweden. Moreover, according to Schmidt, Chinese OEMs accounted for just under 5% of the West European new BEV passenger car market on a 12-month rolling basis. Similarly, over the first seven months of 2022, 5.2% of all new West European BEV passenger car registrations have been from Chinese OEMs, up from the 3.8% seen during the same period in 2021. Chinese passenger car OEM data and trends in Europe Credit: Used with permission from Schmidt Automotive Research ![]()
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