Brutal fall for Chinese electric cars [in Norway]

[Hamartia Antidote]

Brutalt fall for kinesiske elbiler

Flere kinesiske merker er nesten helt borte fra registreringsstatistikken så langt i år. Nå kan flere nyetableringer bli kraftig forsinket.

www-elbil24-no.translate.goog

Several Chinese brands have almost completely disappeared from the registration statistics so far this year. Now several new establishments may be significantly delayed​

TOUGH START: After the first five months of the year, only two copies of Voyah Free (left) have been registered. On the right, the newcomer EL7 from Nio, which is registered in 49 copies. Photo: Bjørn Eirik Loftås

(Elbil24): In recent years, a number of new car brands have entered the Norwegian market, most of them from China. And after the record year 2022, thousands of huge premium cars from BYD, Hongqi and Nio are now rolling around on Norwegian roads.

But then the challenges came on a conveyor belt: VAT, weight tax, higher interest rates and generally uncertain economic times have been important reasons why many players are experiencing a slowdown in new car sales - and the Chinese have definitely noticed that.

Brutal figures for several brands​

According to recent figures from OFV, for example, only four examples of the majestic Hongqi E-HS9 have been registered so far this year. At the same time last year, a total of 879 had been registered. Xpeng has several models in its portfolio, but so far this year only 21 Xpengs have been registered in Norway, down from 453 at the same time last year. For newcomer Voyah, the figure is even more depressing: Only two copies of large Voyah Free have been registered so far this year.

And it is not because there is a long delivery time. The Norwegian importers and dealers have cars ready in stock that can be delivered almost the same day, without that seeming to tempt many buyers.

Shift in the market​

At the same time, many new cars are registered every day. In May 2023, over 10,000 electric cars were registered in Norway, the highest number ever for a month of May. If we look behind the numbers, some changes become apparent compared to the past. The biggest is that Tesla dominates something absolutely enormous. Almost every fourth new car registered in May was a Tesla .

The second is that more people are buying cheaper electric cars. Interestingly, you will find few Chinese cars in the budget class in this country.

What Hongqi, Voyah, BYD and Nio have in common is that they have targeted the premium market. All offer well-equipped cars at competitive prices, but they are still expensive cars. At the moment, fewer people choose cars in higher price ranges than before the New Year, and those who do, tend to choose more traditional car brands.


- The decline in sales is not specific to Chinese car brands. In "unsafe times", people generally look for more well-known brands, says managing director Knut G. Aas at Hongqi to Bilbransje24.no (requires subscription).

Kjerringa against the current​

The only Chinese car brand that has not experienced a major drop so far this year is MG. They are roughly on par with last year, and far ahead of all the other Chinese. Because unlike them, MG bets on cars at "people's prices", such as the MG ZS EV and not least the MG4 - one of Norway's cheapest electric cars.

A number of new brands have been planned for Norway in 2023. Geely has already announced that they are postponing the launch of their models until next year. Other new establishments are also at risk of being delayed, Bilbransje24 writes.

Stand for Chinese cars January-May 2022 versus 2023​

Placement	Brand	Number 2023	Number 2022
1	MG	889	901
2	BYD	234	658
3	Nio	225	406
4	Maxus	106	315
5	JAC	42
6	Xpeng	21	453
7	Ora	13
8	Seres	6	1
9	Hongqi	4	879
10	Voyah	2

Kilde: OFV via Bilbransje24.no

Elbilsalget: Fullstendig knockout

Nær hver fjerde nybilregistrering i mai var en Tesla. Elbilandelen var på nesten 81 prosent.

www-elbil24-no.translate.goog

Almost every fourth new car registration in May was a Tesla. The proportion of electric vehicles was almost 81 per cent.​

Top 10 electric cars - May 2023:​

Placement	Model	Number
1	Tesla Model Y	2691
2	Volkswagen ID.4	738
3	BMW iX1	594
4	Volvo XC40	539
5	Skoda Enyaq	387
6	Audi Q4 e-tron	386
7	Ford Mustang Mach-E	372
8	Volkswagen ID. Buzz	308
9	Hyundai Ioniq 5	270
10	Volkswagen ID.3	256

Source: OFV

 

[Song Hong]

China produces 60% of car battery -- the most important, high value and critical components for EV.

 

[CIA Mole]

this is wat happens when u have a terrorist for a leader, all ur constituents suffer

 

[REhorror]

Eh, I'm more interested in electric bikes.

 

[kankan326]

It's meaningless to do statistics for hundreds of sample quantities

 

[beijingwalker]

But how come they hit export record month on month? it seems Norway is not the world, is it?

 

[Skull and Bones]

Maintaining a supply chain for 21 Xpengs sold throughout the country doesn’t even make sense.

 

[Viet]

Chinese EVs too expensive
Take NIO EVs, selling prices about 55,000 euros plus monthly battery lease in Norway.
I can buy a BWM i4 for the money with much better quality and prestige.
Chinese should lower the prices otherwise no chance in Europe.

 

[Han Patriot]

this is wat happens when u have a terrorist for a leader, all ur constituents suffer

Dude you sound like a crazy drone. What did Xi ever did to your country? What did he do to b3 called a terrorist?

 

[theBill]

Maintaining a supply chain for 21 Xpengs sold throughout the country doesn’t even make sense.

Makes sense when you know it's not a Chinese backed company

 

[aziqbal]

I mean who in the right mind would buy Chinese electric cars

 

[Skull and Bones]

Makes sense when you know it's not a Chinese backed company

It’s a Chinese company that has access to loans from the Chinese government backed banks.

 

[theBill]

It’s a Chinese company that has access to loans from the Chinese government backed banks.

LOL NO!

 

[StraightEdge]

This is seriously a pointless waste of bandwidth/storage.
Norway apparently sold mere 210,00 cars in entire 2022. This in comparison to about 67 million worldwide car sales. One has to be insanely stupid to care about that tiny fraction of sales.
In fact the entire EU will get reduced to non-relevance in a matter of decade. Everywhere economy and growth is increasing, expect for EU.

China’s EV Domination Echoes Japan in the ’70s: Niall Ferguson - Bloomberg

 

[letsrock]

They seem to be doing pretty well in australia though.