China automakers EV registrations in the EU fell in July, exaggerated by EU tariffs but BYD’s strength holds up
- According to data compiled by Dataforce, new EV registrations by Chinese automakers fell by 45% in July compared to June but that may have been contributed by the rush to deliver to dealers in June before the EU tariffs kick in.
- However, July figures provided little to suggest that Chinese automakers are slowing down their push to the EU market. For instance, their market share in Europe stood at 8.5% in July up from 7.4% a year ago.
- BYD looks particularly immune to tariffs having sold three times more EVs in July compared to a year ago while its pricing strategy was unchanged.
- Dataforce figures come from 16 countries that have reported vehicle registration numbers for the month of July.