In Europe, the “Chinese” have sold more electric cars than Tesla

In Europe, the “Chinese” have sold more electric cars than Tesla

The latest data on new car registrations in Europa published by JATO Dynamics show many interesting facts. In addition to the decrease in overall demand in theAugust 2024driven mainly by the large drop in electric vehicle registrations, the most shocking news is that all chinese car manufacturers together they have registered more electric cars than Tesla.

According to the data, the combined registrations of electric cars from Geely Group (which includes Volvo, Polestar and Lotus), BYD, SAIC and other Chinese brands available in Europe totaled around 19,400 units. Meanwhile, Tesla’s volume reached almost 19,100 units. This means that, after the Volkswagen Group, Chinese operators are the second largest sellers of BEVs (Battery Electric Vehicles) in Europe, at least in the month of August.

Il annual volume shows that these Chinese companies are 102 units behind Tesla: 197,817 units versus 197,919 units.

It’s not a fair comparison, but…

Of course, the comparison is not fair. While Tesla is considered a single company, the Chinese data includes the sum of many different companies that are not controlled by the same owners. Furthermore, they include the volume of brands that they are not chinese but they are entirely owned by companies in that country.

Indeed, while Tesla registered 19,100 units last month, Geely, the best-selling Chinese manufacturer, registered nearly 12,000 units, including 11,800 with the Volvo, Polestar or Lotus logo.
However, it is a good indicator of the speed with which Chinese OEMs are gaining ground in Europe. As for electric cars, they are by far most popular of Japanese and even Korean car manufacturers.

BEV Registrations in Europe by Car Group

Group August 2023 Group
August 2024
Volkswagen 43,683 units 28,083 units
Tesla 33,810 units 19,088 units
BMW 16,407 units 15,547 units
Stellantis 26,393 units 12,675 units
Geely 7,886 units 11,991 units
Hyundai-Kia 18,734 units 9,102 units
Mercedes 13,134 units 9,076 units
Renault 12,069 units 4,317 units
BYD 2,808 units 3,327 units
SAIC 8,871 units 3,068 units
Ford 2,081 units 2,576 units
Toyota 2,366 units 2,005 units
Nissan 2,359 units 1,449 units
Other Chinese 1,078 units 1,033 units
Honda 316 units 669 units
Others 3,846 units 1,064 units
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BMW, Geely and BYD: The Big Winners of the Month

While BEVs aren’t having their best moment these days, there are automakers that are gaining traction. The BMW Groupwhich in July led the European BEV ranking, last month he came in thirdbut lost only 5% in terms of volume, meaning its market share went from 8.4% in August 2023 to 12.4% a year later.

<p>BMW iX2</p> <p>” width=”16″ height=”9″ loading=”lazy”/> </source></source></picture> </section> <section contenteditable= <p>BMW iX2</p> <p>” width=”16″ height=”9″ loading=”lazy”/> </source></source></picture> </section> </section> <p>The growth engines have been the latest arrivals: BMW i5 and iX2, MINI Cooper and Countryman. Despite the great controversy surrounding its latest models, the German manufacturer is making more progress than <strong>Mercedes-Benz Cars</strong> (-31%) with 9,076 units, and was even ahead of Stellantis, the second car manufacturer in Europe.</p> <section contenteditable= <p>Volvo EX30</p> <p>” width=”16″ height=”9″ loading=”lazy”/> </source></source></picture> </section> <p>Il <strong>Geely Group</strong> is another winner and the reason is the great success of the Volvo EX30. The brand registered almost 6,700 units during the month, bringing the total for the year to almost 54,000 units. This B-SUV was the second most popular BEV in Europe in August and the third in the first 8 months of the year. Other growth drivers included the Polestar 4, Lotus Eletre and Polestar 3. Geely’s figures exclude the Smart brand.</p> <p>And finally, there’s BYD. Although its volume is still low compared to the big European brands, the brand is growing steadily. Last month, BYD registered 3,327 electric cars, up 18%. Growth drivers include BYD Seal, with over 1,000 units, Dolphin, and Seal U. In fact, BYD has surpassed MG owner SAIC for the first time ever, which saw a 65% decline.</p> <section contenteditable= <p>BYD Seal U</p> <p>” width=”16″ height=”9″ loading=”lazy”/> </source></source></picture> </section> <h2><span class=BEV Registrations in Europe by Brand
Mark August 2023 August 2024
Tesla 33,810 units 19,088 units
BMW 13,202 units 12,165 units
Volkswagen 20,935 units 11,363 units
Volvo 4,354 units 9,793 units
Mercedes 9,408 units 7,893 units
Audi 8,183 units 6,312 units
Skoda 8,107 units 6,198 units
Peugeot 6,844 units 4,741 units
Hyundai 9,700 units 4,598 units
Come on 8,865 units 4,435 units
Renault 6,292 units 4,123 units
MINI 3,204 units 3,368 units
BYD 2,808 units 3,327 units
Cupra 5,208 units 3,320 units
Opel/Vauxhall 8,611 units 3,164 units

The best-selling electric cars in Europe

Model August 2023 August 2024
Tesla Model Y 21,551 units 13,410 units
Volvo EX30 0 6,698 units
Tesla Model 3 11,943 units 5,557 units
Skoda Enyaq 6,648 units 5,454 units
Volkswagen ID.4 9,135 units 4,047 units
BMW iX1 4,687 units 3,690 units
BMW i4 3,786 units 3,482 units
Volkswagen ID.3 6,837 units 3,440 units
Audi Q4 3,667 units 3,244 units
Mercedes EQA 3,702 units 3,212 units
Cupra Born 5,207 units 3,097 units
Volkswagen ID.7 31 units 2,803 units
Hyundai Kona 4,350 units 2,363 units
Fiat/Abarth 500 5,736 units 2,277 units
Volvo EX40 3,065 units 2,225 units

The author of the article, Felipe Munoz, is Automotive Industry Specialist at JATO Dynamics.

Source: it.motor1.com