Chinese EV makers gaining traction in Dutch market: ING economist
Release time：2024-05-21 08:08:46 Source：Stellar Stance 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：College baseball notebook: Conference tournaments to decide NCAA automatic bids and many at
- Next：Shooting injures 2 at Missouri high school graduation ceremony
Related articles
- Kosovo prepares a new draft law on renting prison cells to Denmark after the first proposal failed
- Christina Aguilera leaves RCA Records after spending her entire 26
- How this Dem
- F1 management and FIA reach peace agreement to stop infighting and align on behalf of global series
- Not so Cool Britannia! Noel Gallagher gives damning verdict on Keir Starmer
- Pregnant influencer Jadé Tuncdoruk makes a daring style statement at Australian Fashion Week
- Oakland Ballers make request to purchase old Coliseum bleacher seats used by NFL's Raiders
- Travis and Jason Kelce shower their mom Donna with lavish gifts on Mother's Day
- NBA playoffs: Edwards leads Wolves to 98
- Van der Poel will skip mountain bike event at Paris Olympics to focus on road race
- Kristin Cavallari, 37, ignores critics of her age
- Christina Aguilera leaves RCA Records after spending her entire 26
- Tom Holland finally makes his long
- Suki Waterhouse flashes her midriff in T
- Ben Whishaw lights up the Croisette as he joins his co
- Christine Baumgartner enjoys first PDA with new man Josh Connor
- Shopping complex fire inflicts tragedy on Vietnamese community in Poland
- Paris garbage collectors lift strike threat ahead of Olympic Games
- Nuggets blow 20
- Pakistan test
Random recommendation
Zendaya finds the Met Gala 'terrifying' as she prepares to coAriana Biermann reveals her 'secondStudy says it's likely a warmer world made deadly Dubai downpours heavierSeattle Kraken move games to overA US citizen facing drug charges in Russia appears in court. His case was adjourned until midFIFA seals closer ties to Saudi Arabia with World Cup sponsor deal for oil firm AramcoThe Hollywood daughters raiding their mums' wardrobes... so who do you think wore it better?Blackhawks agree to a 6China's cultural tourism embraces immersiveThe Hollywood daughters raiding their mums' wardrobes... so who do you think wore it better?
- Copyright © 2024 Powered by Chinese EV makers gaining traction in Dutch market: ING economist ,Stellar Stance news portal sitemap