Germany · China · Barcelona · Spain · Rest of World
Volkswagen will cut annual German production by 734,000 cars over the next four years
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Walking into a working plant is quicker and cheaper than building one, because the buildings, power, and trained workers are already there.
Key facts
- Chinese brands sold 285,000 cars in Europe in the first quarter of this year, up 88% from a year earlier, lifting their market share to more than 8% from 4.5%, according to Felipe Munoz, founder
- There is also an extra 17% anti-subsidy tariff, part of a set of levies the EU placed in 2024 that reach as high as 35.3%
- Volkswagen will cut annual German production by 734,000 cars over the next four years
- Chinese makers built their lead on state subsidies and by copying Western technology, and European governments should bar them rather than usher them in, Stephen Ezell, vice president for global
Summary
Chinese EV giants like BYD and Chery are moving directly into Europe’s idle auto factories. Building locally skips EU tariffs that run as high as 35% on China-made EVs. Chinese brands sold 285,000 cars in Europe in the first quarter, up 88% from a year ago. China’s EV makers, squeezed at home, are moving into Europe’s idle car factories. Chery will start building EVs later this year at a former Nissan plant in Barcelona, Spain.