Chinese brands are rapidly incorporating EVs in EVA uTopia

Chinese brands are rapidly incorporating EVs in EVA uTopia

On September 27, 2024, Oslo Taxi’s NIO ET5 electric vehicle, Chinese multinational electric car manufacturer, runs through the Norwegian capital Osloo via Norwegian capital Oslo.

Jonathan Nakstrand | AFP | Getty

Oslo, Norway-China Electric Vehicle-Rising the market share in Norway, which has a significant competition Elon maskChe Tesla And other Western Auto Giants.

In January 2020, the Chinese EV brands have gone ahead to capture the share of a consolidated market share of an approximately 10%of Bijing’s competitive prices and advanced technology from the first distribution of MG car to the rich Nordic country.

Due to the decision not to impose prices on Norway’s Chinese EV imports – as well as its reputation, the explosive growth is especially remarkable. The most EV-friendly country in the world?

Norway’s tariff policy has separated it from both the US and the European Union, which has both duties on Chinese-made EVs to protect the strong American and European brands.

Nor is the non -member of the EU Said It is not related to or desirable to flip rates on the Chinese EV in the past. When contacted by CNBC, the Norwegian Finance Ministry spokesman was not available to comment immediately.

108170629-17522181971752218194-40666156387-1080pnbcnews Chinese brands are rapidly incorporating EVs in EVA uTopia

Christina Bu, general secretary of the Norwegian EV Association (NEVA) representing electric car owners in the country, said that there are currently at least 3 different Chinese EV models available in the Norwegian market.

She mentioned that the opinion on Chinese EV among the potential Norwegian buyers has “a lot changed” in recent years.

“They see that (they are) good cars, technically they are good, and when the price comes, they are very competitive. In Norway, this is a really competitive EV market. In the first six months this year, we are in the first six months,” BUU told CNBC during an interview at the Neva office in OSLO.

Europe

Last month, Chinese EV manufacturers like BYD, Xipeng and MG in Norway’s new car market were one of 20-sale companies. Data From the Norwegian Road Federation (OVV).

Sweden’s Volvo and Polystar were also on the list. China’s Gilee Holding Group is an important part of both car manufacturers.

In the meantime, Tesla is left Strong player In Norway. The American EV manufacturer was the highest selling brand in Norway in June, with the demand for the Firm’s revised model Y sports utility vehicle.

Felip Munoz, the global analyst of Research Firm Jato Dionemics, said that all the businesses of the Chinese brand are fully designed in China, which are part of China’s SAIC motor, which is part of China’s SAIC motor, all the businesses of pregnancy, and created car -making All.

The interests of Volvo, Polestar and Lotus will only be excluded, though they are fully or partially owned by Chinese original equipment manufacturers.

Based on this definition, Munos said Norway is an European country where the Chinese car brand has deposited its largest market for 10.04% between January and June 2025.

An electric car at the charging station of Oslo, the Norwegian capital on September 25, 2024.

Jonathan Nakstrand | AFP | Getty

“Due to its regulation, culture and size, Norway is the laboratory of Europe for EVs. This means that this is the entry point for all the unknown brands that are willing to sell EV in the rest of the volume,” Munoj told CNBC by email.

“It is easy to start anywhere in Europe, and there is no need for a large investment in the big 5 markets of Europe. Moreover, Norway does not have its own vehicle industry, which means that the outside person is easy to get without injury to the interests of a person.”

More affordable models

Rico Luman, senior economist of transport and logistics at Dutch Bank ING, said the survey showed that European drivers enjoy running Chinese EV.

“So, to move on to Tesla, it is a real challenge to compete with the new brand that makes your presence in Europe,” Luman told CNBC “.Squalk European European“Friday.

When asked if Europe was losing its EV battle with China, ING’s Luman said, “Europe is catching a little,” but China mentioned it.

“There is also some backtracking in the United States as there is also somewhere in the middle of the European Union and Europe. We need more new models and more affordable models to convince a middle-class driver to shift-and we are not there yet,” said Luman.

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