Chinese EV Brands Expand Despite Tariffs | Giga Gears

**Chinese Electric Vehicle Brands Expanding Globally Despite Tariffs**

**Chinese EVs Dominating Markets**

– Chinese electric vehicles (EVs) account for 74% of all new EVs sold in Southeast Asia.
– The number of Chinese cars sold in Russia, the UAE, and Israel has significantly increased.
– A growing number of Chinese cars are also being sold in Brazil.

**Rapid Expansion in Key Markets**

While facing new tariffs in the European Union, Chinese EV manufacturers are rapidly expanding in other important markets. Although Chinese EVs have not yet dominated the entire market, they are taking advantage of rising demand.

**Sales Growth in Russia and Southeast Asia**

– Approximately 154,000 Chinese EVs and PHEVs were sold in Russia in the first five months of this year, doubling the sales from the same period in 2023.
– Chinese brands now control almost half of the Russian car market and experienced a 92.8% increase in year-on-year sales from January to May.
– Chinese EVs accounted for 74% of the local market in Southeast Asia in 2021, up from 47% in 2021.

**Expansion into Other Markets**

– In Brazil, 159,621 Chinese vehicles were sold in January-May, marking a significant year-on-year increase.
– Israel saw 34,601 Chinese petrol and EVs sold in the first five months of 2024, with a 68% share of the local market.
– The United Arab Emirates reported a jump in Chinese car sales to 114,530 units in the first five months.

**Focus on Emerging Markets**

David Zhang, General Secretary of the International Intelligent Vehicle Engineering Association, stated that new tariffs have prompted Chinese car brands to focus on emerging markets. While still superior to global rivals in emerging markets, Chinese cars are adapting to changing trade dynamics.

In conclusion, Chinese EV brands are growing globally despite facing challenges from tariffs imposed by the US and EU. With a focus on emerging markets and continued innovation, Chinese car manufacturers are making their mark on the global automotive industry.

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