Chinese EV makers gaining traction in Dutch market: ING economist
Release time：2024-05-22 08:12:30 Source：Culture Craft news portal
-
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）
- Previous：Thailand welcomes the return of trafficked antiquities from New York's Metropolitan Museum
- Next：Poland arrests sabotage suspects and warns of potential hostile acts by Russia
Related articles
- France hits go
- World Central Kitchen workers killed by Israeli strikes in Gaza will be honored at memorial
- Celtics were beaten at their own game at 3
- Hamas releases video showing well
- Lindor goes 0
- No one is above the law. Supreme Court will decide if that includes Trump while he was president
- Chinese yuan strengthens to 7.1048 against USD Wednesday
- Lithuanian soprano Asmik Grigorian makes belated Metropolitan Opera debut as Madame Butterfly
- Devers sets Red Sox record by homering in his 6th consecutive game
- Steve Carell and Tina Fey reunite for Netflix's eight
- Russia begins nuclear drills in an apparent warning to West over Ukraine
- No one is above the law. Supreme Court will decide if that includes Trump while he was president
- US births fell last year, marking an end to the late pandemic rebound, experts say
- Santiago Espinal has 3 RBIs, Fernando Cruz pitches out of another jam and Reds beat Phillies 7
- Midwest storms: Large hail, torrential rain and tornadoes and more is coming
- Chinese lighthouse factories light up journey to new industrialization
- The Latest
- Shohei Ohtani's hard
- Haiti’s international airport reopens after gang violence
- Dutch TV series about Queen Maxima of the Netherlands has been sold to Spain's Atresmedia TV
Random recommendation
Eurozone inflation slows to 8.5 pct in January: EurostatTrade fair strengthens win5G covers all prefectureChina launches global consumption event series at heavyweight expoUNGA president advocates for sustainability in daily lifeUN human rights chief urges influential states to prevent escalation between Iran and IsraelWorld Insights: Strong Mideast rapprochement signals changing regional orderHarbin to Moscow freight train delivers vehicles to RussiaImposing travel restrictions for China arrivals scientifically unjustified: ACI EUROPEChina launches satellite to monitor marine, space environments
- Copyright © 2024 Powered by Chinese EV makers gaining traction in Dutch market: ING economist ,Culture Craft news portal sitemap