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MNI Brief: China Share Of EU NEV Market Increases

MNI (Beijing)

China's carmakers occupied 9.9% of the EU new energy vehicle market in Q3, according to Cui Dongshu, secretary general of the China Passenger Association on Friday.

The EU stated China's EV market share stood at 8% in its most recent communication, but did not specify the exact timeframe. Cui expects EU demand to remain strong, despite the ongoing EU anti-subsidy probe into China's NEVs.

Policy advisors recently told MNI China expects challenging negotiations to avoid a trade war with the EU over its electric vehicle exports, with officials in Beijing regarding France as taking a harder line in the talks than other member states such as Germany. (See: MNI: France Deal Key To Avoid EU Trade War - China Advisor - Bonds & Currency News | Market News)

Cui said China NEVs accounted for 65% of the world market.

MNI Beijing Bureau |
MNI Beijing Bureau |

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