Chinese carmakers grabbed 11% of the European electric vehicle market in June, outpacing EU tariffs. SAIC's parent company MG led the surge, with 40% of imports registrants being dealers, not end consumers.
With a 38% EU tariff on SAIC compared to 17% on BYD, SAIC sold almost 13,400 cars vs. BYD's 4,000. Italy's EV subsidies depleted within 9 hours, while EU and UK made up nearly half of all Chinese EV exports, in contrast to the US with 1%.
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