Chinese brands quickly hit Europe Utopia

Electric vehicle OSlo Taxi Nio ET5 from Nio Inc, Chinese multinational electric car manufacturer, passes through the Norwegian Oslo capital, September 27, 2024.

Jonathan Squirrel | AFP | Gets the image

OSLO, Norway-China is gaining market share in Norway, convenient for electric vehicles, creating significant competition Elon Musk‘s Tesla and other Western autogeas.

From the first MG car delivery to the wealthy northern country in January 2020, Chinese EV brands continue to seize a joint market share of approximately 10%, due to competitive prices and advanced Beijing technologies.

Explosive growth is particularly characteristic, given the decision of Norway not to introduce tariffs for Chinese import EV – as well as its reputation as The most convenient country country.

Norway’s tariff policy distinguishes it from the US and the European Union, which have both compulsory duties on Chinese EV to protect traditionally dominant American and European brands.

Norway that is not EU member has – Note Earlier that Chinese EVS is neither relevant nor desirable. The press secretary of the Ministry of Finance of Norwegian financing was immediately available for comments when CNBC appealed.

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Kristina Bou, Secretary General of the Norwegian Association EV (NEVA), which represents electric vehicles in the country, said at least 20 different Chinese models EV are currently available in the Norwegian market.

She noted that the opinion of Chinese EV among future Norwegian buyers has changed a lot in recent years.

“They see that (they) are good cars, they are technologically good, as well as quite competitive when it comes to the price. So, it is indeed a competitive EV market in Norway. We are almost 94% of the market share this year,” BU CNBC said during an interview in Oslo.

Europe’s lab EV

Chinese EV manufacturers such as Byd, XPENG and MG data from the Norwegian Road Federation (ofv).

This list also included Sweden Volvo and Polestar. The Chinese GEELY HOLDING group has a significant share in both car manufacturers.

Tesla, meanwhile, remains The dominant player In Norway. The American EV manufacturer was certainly the most sold brand in Norway in June, and sales increased by demand for the updated firm model.

Felipe Munoz, a global analyst at the Jato Dynamics Research Firm, said its own definition of the Chinese brand includes all companies that make cars that are fully designed, conceived and produced in China, such as MG, which is part of the Chinese Saic Motor.

Like Volvo, Polestar and Lotus, however, it would be off, even if they are completely or partially owned by Chinese manufacturers of original equipment.

Based on this definition, Munnel said that Norway is a European country where Chinese car brands have accumulated its largest market share by 10.04% between January and June 2025.

On September 25, 2024, an electric car at the charger in the Oslo capital.

Jonathan Squirrel | AFP | Gets the image

“From its regulation, culture and size Norway is a European laboratory for EVS. This means that this is a introductory point for all unknown brands wishing to sell EV on the rest of the continent,” Munnel CNBC said.

“The easiest way to start there is something in Europe, and does not require much investment, because in large markets in Europe 5. In addition, Norway does not have its own car industry, meaning that it is easier to get an attraction, no harm to interests.”

More available models

Rico Luman, the senior economist of the Transport and Logistics Sector in the Dutch Bank, said the polls showed that European drivers use Chinese EV.

“So, this is a real problem to make Tesla forward, compete with new brands that create their presence in Europe,” Luman CNBC said “Squawk Box Europe“Friday.

Asked whether Europe appears to lose its battle from China, Lyuman Ing said: “Europe is a little catching up,” but noted that China remains far ahead.

“The US also has some disconnection, so the EU and Europe are in general in the middle. We really need more new models and more affordable models to convince the middle-class driver to make a change-and we are not there yet,” Luman said.

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