The chart to the right shows sales of brands that are based in China. Rk is where they rank compared to all brands, MS is market share and +/- shows increases over 12 months of 2024.
There have been some impressive gains plus some new ones, n/a showing that. Saying that, compared to many other markets, the 3.1% overall penetration is low.
MG is well established (since 2020) and BYD has wasted no time in moving up the rankings, 2024 is its first full year here. Leapmotor and Xpeng have done well in a short time as well.
It will be interesting to see what develops from here. The EU have set tariffs based on what they have determined are unfair subsidies. These are not imposed as a blanket figure but vary according to the calculated amount of the subsidy.
This will have impacted the numbers compared to the UK, where they haven't acted on this issue so far. I would like to do an article on Norway, which has like the UK, does not impose tariffs. I just don't get enough data to do that.
Data source: AAADATA.
Photo source: MG (EHS - top) and Xpeng (G6 -bottom) France.
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