Chinese EV makers gaining traction in Dutch market: ING economist
Release time:2024-05-21 09:16:26
THE HAGUE, March 30 (Xinhua) -- Chinese Electric Vehicle (EV) makers are making noteworthy progress 。
THE HAGUE, March 30 (Xinhua) -- Chinese Electric Vehicle (EV) makers are making noteworthy progress in the Dutch market, according to a Senior Economist at the ING Bank. During a recent interview with Xinhua, Rico Luman, Senior Economist of Transport, Logistics, and automotive at ING Bank, highlighted the growing presence of Chinese Battery Electric Vehicles (BEVs) in the Netherlands. He noted that BEVs from Chinese manufacturers accounted for approximately 8 percent of total BEV registrations during the first two months of this year. This marks a slight increase from 7 percent reported in the same period of last year. One standout performer in this market is BYD, a multinational company operating in the automotive and renewable energy sectors. BYD is now the largest Chinese brand in the Dutch BEV market, enjoying a 2 percent market share. Although higher import tariffs are on the horizon, Chinese automakers have the opportunity to increase their market share in the Netherlands, said Luman, noting that Chinese manufacturers could retain a cost advantage and start car production in Europe, just like what BYD plans to do in Hungary. Furthermore, Luman emphasized the growing trend of strategic partnerships between Dutch, European, and Chinese New Energy Vehicle (NEV) manufacturers. He cited Volkswagen's recent collaboration with Xpeng as a notable example. In February, Volkswagen agreed to a strategic technical collaboration with XPeng to develop two intelligent connected vehicle models for the Chinese market. Looking ahead, Luman noted a shift towards catering to middle-class drivers rather than early adopters, driving demand for more affordable and accessible EV options. While hybrids may see a resurgence in the short term, Luman said that BEVs will continue to dominate the future automotive landscape. On a personal level, Luman expressed his interest in trying out Chinese NEV himself. He stated that he had the chance to see several models and was especially intrigued by the design.
(Editor:Fu Bo)
Related articles
Company wins court ruling to continue development of Michigan factory serving EV industry
GREEN TOWNSHIP, Mich. (AP) — A judge has ordered a Michigan community to stop blocking efforts to br2024-05-21China ‘disappointed' as US blocks Gaza ceasefire for 4th time at UN
A woman holds a flag and a blue smoke bomb next to police officers as protesters demonstrate outside2024-05-21China's first new energy vehicle battery base in Northeast was established in Changchun
Beijing, March15 (Youth.cn) -On March 14th, 2024, inside the FAW-FINDREAMS New Energy Power Battery2024-05-21Gaps found in battle against climate crisis
Xie Zhenhua (third from left), China's special envoy for climate change, Sultan Ahmed Al Jaber (cent2024-05-21Kate Hudson hits the stage to debut songs from her new album Glorious at star
Kate Hudson looked like a pro as she performed songs from her new album Glorious for the first time.2024-05-21Rugao boosts local textile enterprises to enhance quality and increase production
Beijing, April2 (Youth.cn) -On April 1st, 2024, in Nantong, JiangsuProvince, workers werebusy on the2024-05-21
atest comment