Tag Archives: SAIC Motor

News

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

News

Audi reached an agreement with SAIC Motor

Chinese manufacturers have become absolute leaders in the EV market, so the only way to counter their dominance is synergy with some of them. The biggest pressure is on European manufacturers who are trying to increase their chances of survival by cooperating with Chinese companies. Representatives of Audi and SAIC reached an agreement on the production of a fully electric car that should reach the market in 2025.

Currently, Audi in China is not recording any notable results. Last year, they sold a total of 31,000 cars on the Chinese market, and this partnership could be a turning point. Also, this is not the first time that SAIC Motor cooperates with a European company. For years, they worked closely with Volkswagen, from which the German manufacturer benefited the most, increasing its presence on the Chinese market through this cooperation. That’s exactly what Audi is hoping for.

SAIC Motor is one of the largest automobile companies in China with over 5 million vehicles sold in 2023. The deal with Audi is somewhat unusual, as the cars will not carry the four-ring Audi badge. Audi will use the new Advanced Digital Platform (ADP), and sources say the first car from the partnership will be a mid-size electric vehicle. It should be launched in November, and will only be offered in the Chinese market from 2025.

Source: Reuters