Tag Archives: European market

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Chinese manufacturer Aiways is moving to Europe

China has been the leader in the production of electric cars for years, and now it has become an overcrowded market with a large number of manufacturers who are finding it increasingly difficult to survive. One of them is Aiways, which in the battle of giants like BYD, Tesla or VW, decided to leave the domestic market.

Aiways Automobiles was founded in 2017, and from the very beginning, the goal was to develop a range of SUVs with electric drive. Now the company has announced that it has no plans to stay in the Chinese market due to the intense price pressure and competition that exists in this market, and that the center of global sales operations is moving to Europe (Germany).

After financial problems that forced the company to suspend car production at the Shangrao plant, Aiways still managed to find a way out and continue operations. They are currently working on a new crossover that, according to the company’s plans, should attract a larger number of customers with a low price and ensure better days for the manufacturer. According to Autocar, for now Aiways does not intend to transfer production to European soil, so the U5 and U6 models will continue to be produced in China.

Source: Autocar

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Chinese manufacturer Aiways is moving to Europe
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Chery is considering building a plant in Italy

European manufacturers are still struggling with Chinese car manufacturers, who are trying to conquer the European market in different ways, so the European Union introduced additional tariffs on vehicles from China. However, Chinese companies seem to have a “plan B”, building plants in Europe. After the Chinese car manufacturer BYD announced that it is building its plant in Hungary, another Chinese company (Chery) could follow the same path, but in Italy.

Currently, Stellantis is the only major car manufacturer in Italy and the new Italian government is trying to increase production by introducing another manufacturer, the Chinese company Chery. According to official information, the government is considering offering the Chinese manufacturer to build a plant in Italy, in order to increase the annual production of cars to over one million. Italy currently produces 800,000 cars a year.

Building a plant in Europe would be a good strategic decision that would allow Chinese companies to avoid obstacles when it comes to additional taxes or potential quotas that the EU could impose on vehicles imported from China. Obviously, Italy is the ideal place for that. According to Italian Industry Minister Adolfo Urso, over the past year the government has been talking to several manufacturers, including Tesla. The government’s goal is to increase production by an additional 300,000 cars per year.

Chery is the fifth largest Chinese car manufacturer with 1,881,316 vehicles sold in 2023. In the next two years, the company will launch three new SUV models with different power options, primarily intended for European customers. “Expectations are high and sales in Europe should be high enough to support the construction of the plant,” said Chery Europe Managing Director Jochen Tueting.

Source: Reuters

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Growth in demand for new cars in Europe

After the number of new vehicles sold in Europe stagnated due to a lack of components, the latest data shows that the market is starting to recover and at a high speed. According to data, 787,626 new cars were registered in Europe in August, which is an increase of more than 21%.

This period of the year usually records a smaller number of vehicles sold, but despite this, in the eighth month a growth of 21 percent was recorded compared to the same period last year. The biggest growth was recorded in the three largest markets: Germany (+37.3%), France (+24.3%) and Italy (+11.9%), while when it comes to individual cars, the highest demand was for the Tesla Model Y, VW T-Roc and Peugeot 208.

When it comes to electric cars, they recorded a growth of 118.1% (165,165 vehicles), which is 21% of total sales (a growth of 11.6% compared to August last year). The highest growth was recorded in Germany with an incredible 170.7%, while the only country with a deficit was Malta (-22.6%).

Speaking of brands, Tesla delivered over 34,000 cars in August, which is a 242.2% increase compared to last year when this number was under 10,000 cars. The highest demand, the fifth time in eight months, was for the Tesla Model Y with 19,725 deliveries.

Source: European Automobile Manufacturers’ Association