In 2024, Nio gross sales within the largest European automaker have been down practically 70%, BYD was down 30%, Nice Wall Motor (GWM) was down 33%, and MG was up 20% in comparison with 2023.
In 2024, 2.8 million passenger vehicles have been registered in Germany, down 1% from 2023. The registrations of battery electrical autos (BEVs) have been down 27.4% to 380,000 items. BEV registrations represented 13.5% of the market in Germany in 2024.
Plug-in hybrid (PHEV) registrations have been up 9.2% to 191.905 items in 2024 in comparison with the 12 months earlier than. PHEVs represented a 6.8% market share.
The insurance coverage registrations are revealed by the German Federal Motor Authority, which tracks new automobile plate registrations within the nation.
In 2024, a complete of 43,903 China EVs have been bought in Germany, in response to knowledge monitored by China EV DataTracker.
SAIC’s MG secured the primary spot by registering 20,977 autos in 2024, up 20.5% from 2023.
In December, MG registered 1,854 autos, up 93.7% from November however 28.1% down from the identical month within the earlier 12 months.
State-owned SAIC was hit the toughest by EU import duties because it was a non-cooperative firm. MG is topic to a further 35.3% tariff to the EU on high of the prevailing 10% obligation, making the entire tariff price 45.3%.
Geely-made Good registered 12,463 autos in 2024, up 60.7% from 2023. In December, Good registered 572 autos, down 25.5% from November and 67.6% decrease than in December 2023.
Good is a model underneath Geely Holding that’s co-engineered with Mercedes-Benz. Based on the firm, the Good EVs are designed by Mercedes-Benz’s international design workforce, whereas Geely is liable for the engineering and growth of the brand new fashions. Good vehicles are produced in China at Geely’s Xi’an plant, which began manufacturing in October 2021.
One other Geely Holding model, Polestar, registered 3,181 autos in 2024, down 39.4% from 2023. In December, Polestar registered 328 autos, up 57.7% from November and 23.8% increased than in December 2023.
All Polestar EVs are China-made in Geely crops, primarily in Chengdu and Hangzhou.
Geely is topic to a further 18.8% tariff, bringing the entire import obligation to twenty-eight.8%.
Nice Wall Motor (GWM) and its EV model Ora registered 3,002 autos in 2024, down 33.1% from 2023. In December, Nice Wall Motor registered 439 autos, up 125.1% from November and eight.4% increased than in December 2023.
BYD registered 2,891 autos in 2024, down 30.2% from 2023. In December, BYD registered 323 autos, down 25.1% from November and 53.9% decrease than in December 2023.
Nio registered 398 autos in 2024, down 68.5% from 1,263 items in 2023. In December, Nio registered 31 autos, up 6.9% from November however 20.5% decrease than in December 2023.
Shanghai-based EV maker entered Germany in October 2022, together with three different EU international locations (Sweden, Denmark, Netherlands). Within the Netherlands, the corporate bought 20 vehicles in December and about 260 in 2024.
Nio additionally sells in Norway since 2021 – the corporate bought there 40 vehicles in December, and the 2024 whole is 877 items.
Nio is topic to a further 20.7% import tariff from the EU, and the entire tariff is now 30.7%.
Lotus registered 365 autos in 2024, up 34.2% from 2023. In December, Lotus registered 41 autos, up 7.9% from November and 156.2% increased than in December 2023.
Volkswagen-backed Xpeng registered 362 autos in 2024. Xpeng entered the German market in March 2024, with deliveries ranging from June.
In December, Xpeng registered 99 autos, up 22.2% from November.
In October 2024, the EU finalized its resolution to impose definitive countervailing duties on battery electrical automobile (BEV) imports from China. The finalized duties have been set as follows:
- BYD: 17.0%
- Geely: 18.8%
- SAIC: 37.6%
- Nio, Xpeng and different cooperative firms: 20.7%
These duties are along with the prevailing 10% tariff and are set to stay in power for 5 years till the tip of October 2029.
