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Chinese EV Stocks Gain in Europe, Putting Pressure on Stellantis and Volkswagen

Chinese EV Stocks Gain in Europe, Putting Pressure on Stellantis and Volkswagen

Author:

Global Cryptocurrency

Published:

2025-11-09 12:43:02

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BTCCSquare news:

Chinese electric vehicle makers are expanding aggressively in Europe despite new EU tariffs, capturing over 20% of the fully electric car market in 2024. Their success comes from pricing models up to 40% below European rivals—a strategy that persists even after October 2024’s additional 35.3% duties on Chinese battery electric vehicles.

BYD and SAIC Motor are exploiting a regulatory loophole by shifting focus to plug-in hybrids, which face only the standard 10% import tax. BYD alone registered more than 20,000 such vehicles in the EU during the first half of 2025, tripling its 2024 full-year total. Meanwhile, Chinese automakers continue raising their market share through competitive pricing and strategic product adjustments.

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