JATO: Chinese brands exceed Tesla in Europe in February

Compared to the previous year, 164148 EVS in February represented a 26 percent increase. With the total number of recordings by 2.5 percent to 966271 new cars throughout the year as a whole, Bevs achieved a market share of 17 percent -3.8 percent more than February 2024. In addition, there were 72,639 points composed (+1 %) with a market share of 7.5 per cent.

According to Jato Dynamics, it is the best February for Bevs that we have seen yet. Along with January, electric car recordings in Europe stand at 329,700 units, 31 percent in the previous year.

It is important to monitor the development of the electronic transportation market when considering the JATO analysis of manufacturers and individual models. Market experts devote four paragraphs from the press statement of the (previous) market pioneer. The US company’s market share decreased to 9.6 percent in February, and this year less than 7.7 percent – a decrease from 18.4 percent in January and February 2024.

“Tesla suffers from a period of tremendous change. In addition to the increasing active role of ELON Musk in the growing policy and competition it faces in the EV market, the brand gives up the current version of the Y-its best-selling vehicle-in anticipation of the introduction of a fresh new version.” “During this process, brands often face a decrease in sales before returning to normal levels, as soon as the updated model is widely available. Brands like Tesla, which have a relatively limited model assortment, are particularly vulnerable to low registration when the form change is made.”

In February, the Y model records decreased by 56 percent to 8,800 units, while the 3 -phtled model records decreased by 14 percent to 6,800 units. “The difference in the decrease in volume between these two cars indicates that the decrease in the total brand sales is more firmly firmly changed in changing the y from the political activity of musk. However, it will be interesting to see to what extent is the demand for the new model Y in the markets throughout the region,” Monoz adds.

Among the manufacturers of electric cars, Tesla moved to second place with 15737 units – behind the Volkswagen brand brand, which was able to increase EV sales by 180 percent to 19565 units. The following brands, BMW (13,475 Bevs, +20 %), AUDI (9,868 Bevs, +70 %), Renault (9,387 Bevs, +96 %) and KIA (8,153 Bevs, +56 %), are all. In BMW, it was 27 percent of the total electrical sales, in Hyundai-Kia, the number was 20 percent, 18 percent in the VW group, 16 percent in Mercedes-Benz and 13 percent in Stelantis.

With 35 percent stake, the Geely group still stands out. In general, Chinese car brands recorded 19800 new electric cars in Europe in February, where Tesla exceeded a little more than 15,700 units. In the same month last year, 23,182 Chinese brand cars were registered, compared to 28131 Tesla vehicles. However, Jato is also Volvo as a “trading brand owned by Chinese cars”, and is also owned by Geely. With 6,656 Bevs, Volvo only makes it in the first ten places. BYD follows in the fifteenth place (4,436 Bev), Polestar (2,405) and MG (2,205) in 20 and 21th place. Behind them, Xpeng makes the top 25 units with 1034 units – Leapmotor, with about 900 new registrations, no.

Of the top 25 models, only Volvo EX30 appears, with 3,314 units, as a “tray” brand according to the JATO definition. However, Tesla Model 3 (6,834 new registrations) was also built in China for Europe. With Dacia Spring (17th place, 2,934 new registrations) and Tafaskan Cobra (nineteenth place, 2456 units), there are more electric cars that were produced in China in this list. The first five places by Form 3, followed by the Y (8,790) model that was built in Germany, VW ID.4 from Zwikkau and EMDEN (6172), and new Renault 5 with 5,659 new and identified records. 7 of EMDEN with 5,432 units.

However, with a 56 percent decrease, the Y model decreased from ten best-selling models in all types of driving-Aqaba was in February 13889 units of Toyota Yaris Cross in tenth place. Dacia Sandero is the best-selling car in Europe with more than 21,000 new registrations-with a perfect 50: 50 division between gasoline and diesel. Citroën C3 ranks second – with a 28 percent respectable electric share.

Jato.com

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