Tuesday, May 21, 2024

Chinese brands make their cars 178 percent more expensive in Europe

Chinese car brands are milking European motorists for much more money than customers on the domestic market shell out, new figures show.

Some Chinese car brands raise the price by up to 174 percent when they bring their cars to Europe. At least if you compare with what the same cars cost in China.

This is written by the Reuters news agency.

As an example, Reuters takes a look at the BYD Atto 3, which in some markets is 174 percent more expensive than at home in China.

For the Dolphin model, the price difference is even wilder. Certain Europeans are being asked to pay as much as 178 percent more for the same car that the Chinese can get. This is, for example, the case in Germany.

READ ALSO: China brand calls sales in Denmark 'a blue stamp'

The Chinese don't just raise the price because shipping and development costs have to be added when cars have to be sent to and adapted to the European market.

According to Reuters, the Chinese car brands raise the price because it is possible for them. The Chinese have succeeded in streamlining large parts of production.

Parts that several of the European competitors do not yet have a handle on. For example, the manufacture of batteries and the extraction of raw materials.

The huge price differences should not only cause concern among motorists. The European car industry should also take note of the prices.

Because with such a large difference, it will probably mean that the Chinese car brands will be able to meet the EU's announced penalty tariffs without any problems. Even if the customs duty becomes retroactive. Read more about it here .

However, the Chinese are not the only ones who adjust the prices of electric cars depending on the markets. Nevertheless, Enhedslisten has recently put forward a proposal which will force the Danes to support electric cars even more than is the case today.Read more about it here .

Read more exciting news from and about the world of cars right here!

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