Tag Archives: BYD

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Fall in demand for Chinese EVs in Europe

For years, cheap EVs from China have been flooding the European market, destroying the competition, so the European Union has introduced additional tariffs on vehicles imported from this country, which are paying off. According to the latest data, demand for Chinese EVs has been declining for the past year and a half, and in August it fell by 50%.

For the second month in a row, the market share of Chinese manufacturers has been declining, and the data show that SAIC Motor is no longer the leader in Europe. This was also influenced by MG’s poor sales results (-65% in August), as the brand focused more on hybrid and plug-in hybrid cars. The new leader is BYD, which is one of the few that recorded sales growth (+10%).

According to some analysts, the biggest reason for the drop in sales is the additional tariffs that the European Union wants to impose on Chinese EVs. However, it should also be taken into account that the European market is currently facing a steady decline in the number of electric vehicles sold. Since the beginning of 2024, demand for EVs has fallen by 5.5 percent.

Car manufacturers will face stricter EU regulations on CO2 emissions in the coming year, as the current average emission limit for new vehicles should be reduced from 116 g/km to 94 g/km next year. European car manufacturers have once again called on Brussels to reconsider its climate goals.

Source: Reuters

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2025 BYD Seal 06 GT

After introducing a refreshed edition of its mid-size sedan, the BYD Seal, two weeks ago, China’s largest electric car maker will launch a new hatchback, the Seal 06 GT, on August 30.

The Seal 06 GT is part of the BYD Ocean M Concept, which was unveiled at the Beijing Motor Show in April this year. It is 4,630 mm long with a wheelbase of 2,820 mm, which positions it between the Dolphin and Seal sedan models. The car has retained the design language of the concept, with larger sports intakes on the front and rear bumpers, a simpler design of LED front and rear lights and side mirrors.

The interior is similar to that of the Seal sedan, but with a slightly different dashboard design. There’s a new steering wheel while the digital cockpit and center console are taken from the BYD Seal sedan.

The car is built on the e-Platform 3.0 Evo platform, and customers will be able to choose between options with a single electric motor (218 hp/160 kW) and rear-wheel drive, and two electric motors (422 hp/310 kW) and four-wheel drive.

Source: BYD

Gallery:

2025 BYD Seal 06 GT
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EU reduced tariffs on vehicles produced in China

Last year, the European Commission launched an investigation into the privileged position of electric vehicles produced in China due to subsidies. This resulted in the introduction of additional tariffs on vehicles manufactured in China (37.6%), and manufacturers that cooperated during the investigation paid lower tariffs (20.8%). However, the EU decided to reduce tariffs on some car manufacturers like Tesla from 20.8% to just 9%.

After reviewing the business report for July, it was determined that Tesla received less government aid than other firms that make cars in China, so the EU agreed to reduce the tariff. However, this did not mean that the tariff would be removed completely as the company was found to still be getting batteries below market value, which is one of the ways car manufacturers receive help from China. Other ways to help are cheap land, grants and loans at lower rates. This still gives them an advantage over cars made by companies in other parts of the world.

Also, some other car manufacturers will now pay lower tariffs, such as the British brand Mini. Although the company refused to cooperate in the investigation, the EU still decided to reduce tariffs on their vehicles from 37.6% to 21.3%. The tariff was also reduced on the vehicles of some Chinese companies: BYD (17.4 to 17 percent), Geely (19.9 to 19.3 percent), and SAIC (37.6 percent to 36.6 percent).

Source: Reuters