Chinese EV makers gaining traction in Dutch market: ING economist
Release time：2024-05-21 16:31:23 Source：Global Grandstand 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：Company wins court ruling to continue development of Michigan factory serving EV industry
- Next：Supreme Court rejects an appeal from a Canadian man once held at Guantanamo
Related articles
- Analysis: Larson enters conversation with Verstappen as best drivers in the world
- Top political advisor stresses forging strong sense of community for Chinese nation
- Shohei Ohtani not in Dodgers' starting lineup vs. Padres because of back tightness
- Wonder goal for Ella Toone as Manchester United wins Women's FA Cup with 4
- Jessica Biel CHOPS her long locks into a bob after book signing in Studio City
- Doug Barron claims first PGA Tour Champions major with bogey
- Fires used as weapon in Sudan conflict destroyed more towns in west than ever in April, study says
- Ashley Roberts leaves VERY little to the imagination in sizzling gothic gown with cut
- Britain's new bonkers EV: Callum Skye is an £80k electric buggy built in Warwickshire
- Pitcher Brayan Bello comes off IL to start against Nats; Josh Winckowski sent to Triple
- The fightback begins: Boss of London's Queen Mary University tells pro
- Meghan Markle embraces revealing styles as she battles the hot weather during 'quasi
- China sees drop in cross
- All of the hidden pro
- Four people killed in a house explosion in southwestern Missouri
- Sen. Bob Menendez corruption trial: Jury selection is set to begin
- Small, well
- Sundance Wicks returns to Wyoming as basketball coach after a year at Green Bay
- Shooting injures 2 at Missouri high school graduation ceremony
- German court backs intelligence agency's designation of far
Random recommendation
The best and worst airlines for 2024 named by Which?Crackdown on phone scammers leads to cutback in victim numbersFascinating 'heat maps' reveal where in the world Brits think famous landmarks areScott Morrison and Joe Biden to join summit with key AsiaClimate Change Shrinks Nevada's First BigArmed police close Auckland street after reported kidnapping, woman injuredEfeso Collins' funeral to be held in Auckland on ThursdayRed Sea attacks: Sheep and cattle left stranded off Australia's coastGovernment unveils plan to fastProperty listings hit near
- Copyright © 2024 Powered by Chinese EV makers gaining traction in Dutch market: ING economist ,Global Grandstand news portal sitemap