Chinese EV Makers Suffer Setback in Europe as Tariffs Start

(Bloomberg) — Chinese automakers registered fewer electric cars across Europe in July, as new tariffs amplified the impact of a broader slump in EV sales.

Brands including SAIC Motor Corp.’s MG and BYD Co. accounted for 9.9% of EV registrations in the region, down from 10.2% in July 2023, according to researcher Dataforce. Overall demand for EVs continued to weaken after Germany, Europe’s largest auto market, removed incentives late last year.